Bitcoin Edges Higher as Investors Reposition Post-Fed — Market Talk

Bitcoin edges higher in the morning Asia session as markets digest an expected rate hike by the Fed. Bitcoin has remained relatively resilient, says Cooper Duschang at Talos, holding broadly around pre-announcement levels. Exchange flows suggest that rather than a uniform risk-off response, investors seem to be actively repositioning as they parse the Fed's messaging, the analyst says. Around 2,170 BTC moved onto exchanges following the rate increase, followed shortly afterward by a sizeable withdrawal of about 1,260 BTC, he notes. The question now is whether Bitcoin's resilience and spot demand will hold as attention shifts to the prospects for further tightening. Bitcoin is up 0.3% at $76,374, according to LSEG data. ([email protected])