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Bitcoin Edges Higher As Fed Ends QT But Crypto Still Trades On Liquidity
(MENAFN- The Rio Times) Key Points
Bitcoin has bounced toward $91,500 after the Federal Reserve ended quantitative tightening.
The stop to QT removes a liquidity drain, but ETF flows and leverage still dominate price action.
Altcoins show wild winners and losers, confirming that crypto remains a high-risk side bet on global policy.
Bitcoin is waking up to a new monetary backdrop. After slipping under $88,000, it trades near $91,500. Ether holds above $3,100, while Solana, XRP and Litecoin gain around 2–3%.
The move comes just after the Fed stopped shrinking its balance sheet, closing a multi-trillion-dollar QT experiment. Ending QT means the central bank is no longer pulling dollars out of money markets.
Bank reserves should stabilise and long-term yields face less mechanical upward pressure. That is good news for assets that rely on cheap dollar liquidity – and for Bitcoin, whose rallies have always depended more on global money conditions than on on-chain“fundamentals”.
Yet the tape shows that ETFs, not ideology, steer this market. Spot Bitcoin funds have posted small weekly net outflows, but a single day with roughly $50 million in inflows was enough to lift prices from the mid-$80,000s.
Desks still talk about a pump-and-dump corridor between $88,000 and $93,000: quick squeezes higher, then selling from larger holders who treat Bitcoin as a trading instrument.
The charts argue for respect, not euphoria. On the daily view, Bitcoin sits near short moving averages around $90,000, with the 30-day line just above $92,000 acting as resistance. RSI hovers in the mid-40s and MACD is negative but improving.
On the four-hour chart, price has broken a falling trendline but keeps failing between $92,000 and $94,000, a relief rally inside a broader correction.
Altcoins tell the same story. Large names move roughly in step with Bitcoin. Lower-cap tokens are chaotic: some mid-caps like SUI and TAO jump, while USTC, BEAT and MOODENG fall hard and micro-caps such as COMMON and PIPPIN swing close to 20% in a session.
QT may be over and liquidity less hostile, but without steadier ETF inflows and a more disciplined policy mix in Washington, crypto still behaves like a casino, not a currency.
Bitcoin has bounced toward $91,500 after the Federal Reserve ended quantitative tightening.
The stop to QT removes a liquidity drain, but ETF flows and leverage still dominate price action.
Altcoins show wild winners and losers, confirming that crypto remains a high-risk side bet on global policy.
Bitcoin is waking up to a new monetary backdrop. After slipping under $88,000, it trades near $91,500. Ether holds above $3,100, while Solana, XRP and Litecoin gain around 2–3%.
The move comes just after the Fed stopped shrinking its balance sheet, closing a multi-trillion-dollar QT experiment. Ending QT means the central bank is no longer pulling dollars out of money markets.
Bank reserves should stabilise and long-term yields face less mechanical upward pressure. That is good news for assets that rely on cheap dollar liquidity – and for Bitcoin, whose rallies have always depended more on global money conditions than on on-chain“fundamentals”.
Yet the tape shows that ETFs, not ideology, steer this market. Spot Bitcoin funds have posted small weekly net outflows, but a single day with roughly $50 million in inflows was enough to lift prices from the mid-$80,000s.
Desks still talk about a pump-and-dump corridor between $88,000 and $93,000: quick squeezes higher, then selling from larger holders who treat Bitcoin as a trading instrument.
The charts argue for respect, not euphoria. On the daily view, Bitcoin sits near short moving averages around $90,000, with the 30-day line just above $92,000 acting as resistance. RSI hovers in the mid-40s and MACD is negative but improving.
On the four-hour chart, price has broken a falling trendline but keeps failing between $92,000 and $94,000, a relief rally inside a broader correction.
Altcoins tell the same story. Large names move roughly in step with Bitcoin. Lower-cap tokens are chaotic: some mid-caps like SUI and TAO jump, while USTC, BEAT and MOODENG fall hard and micro-caps such as COMMON and PIPPIN swing close to 20% in a session.
QT may be over and liquidity less hostile, but without steadier ETF inflows and a more disciplined policy mix in Washington, crypto still behaves like a casino, not a currency.
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