Bitcoin Trades Flat Even as Fed Signals Inflation-Boosting Balance Increase

Bitcoin Trades Flat Even As Fed Signals Inflation-Boosting Balance Increase – CoinDesk

The Fed’s decision to expand its balance sheet is seen as a long-term positive development for bitcoin by crypto market experts. However, it hasn’t yet buoyed the cryptocurrency’s price, which is consolidating around $8,200. Short-term technical charts are calling a bullish move to the 200-day moving average, currently located above $8,600.