Bitcoin (BTC) is nearing the $65,000 mark, having dropped 2.7% in the last 24 hours. This decline follows the Federal Open Market Committee's (FOMC) decision to maintain US interest rates, aiming to balance inflation control with economic stability. Bitfinex analysts anticipated this short-term volatility but remain optimistic about the overall trend.

“Especially if the broader economic outlook continues to improve. Historically, 3 out of the last 4 CPI prints have also led to local tops for Bitcoin, indicating potential volatility around such announcements,” explained the analysts. “Bitcoin could consolidate around current levels or experience moderate gains as investors remain optimistic about future rate cuts later in the year.”

This decision impacts spot Bitcoin exchange-traded funds (ETFs), which may see steadier flows as investors await clearer signals from the Fed's future policies.

“Spot Bitcoin ETFs might see steady inflows, but the momentum could be less pronounced compared to a rate cut scenario. The launch of Ether ETFs could still attract significant interest, potentially leading to diversified investments across both Bitcoin and Ethereum ETFs.”

Additionally, trader Rekt Capital noted on X that Bitcoin was rejected at the upper range of its current accumulation zone, between $60,500 and $71,500. He expects Bitcoin to remain within this range until September, when a parabolic upward movement might begin.