Bitcoin traders are taking a defensive stance ahead of Wednesday's meeting of U.S. Federal Reserve’s Federal Open Market Commitee meeting, with most expecting a “hawkish” pause. LedesmaLyllah reports in First Mover Americas
The decision allowsto continue doing business while hashing out restrictions with the regulator. If the two sides can agree on limits, Judge Amy Berman Jackson of the D.C. District Court said “there’s absolutely no need” for a restraining order. In the meantime, the judge ordered
to provide a list of its business expenses to the court, and ordered the parties to continue negotiating. A status update is due by close of business Thursday.on crypto exchanges has slipped to its lowest levels since February 2018, data from on-chain analytics firm Santiment shows. The decline has been particularly considerable since the SEC’s lawsuits against Coinbase and Binance earlier this month, with 6.4% of supply leaving exchanges in the past week. Supply has been steadily falling since 2020, when it peaked in the depths of the then-bear market, the data shows. This action suggests traders and investors have been continually taking their bitcoin off exchanges in favor of self-custody, said Santiment.
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