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Market rises after FOMC meeting, but Bitcoin bears still have short-term advantage Cointelegraph

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ren (BTC) The price has been on a downward trend since its high of $ 69,000 on November 10, when the Lapurdi report saw inflation in the United States rise by more than 6.2%. While this news may be beneficial for non-inflationary assets, VanEck is a physical Bitcoin denial of exchange traded funds (ETFs) The U.S. Securities and Exchange Commission (SEC) shocked some investors on November 12th.

Bitcoin / USD price on Coinbas (NASDAQ :). Source: TradingView

Although the ETF request was generally rejected, the reasons given by the regulator may be of concern to some investors. He mentioned the inability of the US SEC to prevent it market manipulation Due to unregulated exchanges and heavy trading volumes in the wider Bitcoin market, based on ‘s (USDT) stablecoin.

Bitcoin / USD on FTX (orange, left) and 10-year US Treasury Yields (blue, right). Source: TradingView
They add the open interest in Bitcoin options to December 17th. Source: Coinglass.com