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The buying that had been absorbing Bitcoin's supply has weakened.
Spot Bitcoin ETFs ($BTC) recorded $462.7 million in net outflows over the four days ending September 11, interrupting a $3.8 billion three-week inflow run that had helped support prices below $80,000.
The Federal Reserve delivers its first rate hike in three years at 2:00 p.m. ET today, with a new dot plot arriving alongside it, and Bitcoin sits at $75,787 with fifteen days before Q4 opens.
The numbers in the setup Bitcoin's market cap stands at $1.52 trillion. Volume over the past 24 hours reached $37.63 billion, up roughly 28%.
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