BTC Price Drops 2.45% Amid Fed Moves and Exchange Outflows, Market Cap Holds at $1.87T

Bitcoin (BTCUSDT) experienced a 2.45% decline over the past 24 hours, with the current price at $92,586.32 according to Binance data. The price change is attributed to a mix of factors, including recent outflows of Bitcoin from exchanges, strong institutional inflows, and heightened market volatility following the U.S. Federal Reserve's announcement of $55.36 billion in T-bill purchases. Additionally, market sentiment was affected by a delay in a crypto bill and news of a major investment bank reconsidering its exposure to Bitcoin due to technological risks. Despite fluctuations, including a 24-hour high of $94,908.45 and a low near $91,910, Bitcoin’s market capitalization remains robust at around $1.87 trillion, with trading volumes indicating active participation and continued interest from corporate investors.