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Bitcoin extends cautious recovery as ETF outflows persist and Fed tightening risks linger
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Bitcoin extends cautious recovery as ETF outflows persist and Fed tightening risks linger
Economies.com
2026-09-17 12:27 UTC
Bitcoin (BTC) extended its cautious recovery, trading around $76,500 at the time of writing on Thursday after a modest rebound in the previous session. Continued outflows from spot Bitcoin exchange-traded funds (ETFs) reflect the cautious positioning of institutional investors so far this week.
At the same time, potential gains for the world’s largest cryptocurrency remain limited as the US Federal Reserve’s hawkish outlook and escalating tensions in the Middle East weigh on investors’ risk appetite.
Signs of weakening institutional demand
Institutional demand has remained cautious so far this week. Data from SoSoValue showed that spot Bitcoin ETFs recorded net outflows of $295.98 million on Wednesday, following $450.33 million in outflows on Tuesday.
This marked a second consecutive day of withdrawals this week, signaling signs of weakening demand. If these outflows persist and intensify over the course of the week, Bitcoin could face a deeper correction.
Fed rate hike and hawkish stance limit Bitcoin gains
The US central bank voted unanimously to raise its benchmark interest rate by 25 basis points, lifting the target range for the federal funds rate to 3.75%-4.00% for the first time since 2023 at the conclusion of its September monetary policy meeting on Wednesday.
The decision was in line with prevailing market expectations but was accompanied by a more hawkish outlook from the central bank. The so-called dot plot showed that Federal Reserve officials expect another interest rate hike this year.
During the post-meeting press conference, Federal Reserve Chair Kevin Warsh said the strength of the US economy, the lack of improvement in inflation trends over the summer and geopolitical developments were among the factors behind the decision.
Warsh added that inflation is too high and has remained so for too long, stressing that consumer price stability is essential for the growth of the US economy.
Moreover, inflation risks stemming from persistently elevated energy prices support the prospect of further Federal Reserve monetary tightening and higher US bond yields. The 10-year US Treasury yield remains close to the psychological 5.0% level, its highest since mid-2007.
On the geopolitical front, the Iran-backed Houthi group said Saudi aircraft had carried out more than 450 airstrikes across Yemen over the past week and also claimed to have shot down a Saudi F-15 fighter jet over Marib province.
Meanwhile, US President Donald Trump claimed that Iran wants to reach an agreement and that the war may be nearing an end. However, escalating fighting between the Houthis and Saudi Arabia is keeping the geopolitical risk premium elevated, supporting oil prices.
The Federal Reserve’s hawkish outlook and escalating Middle East tensions come as the US regulatory framework for cryptocurrencies faces further uncertainty after the CLARITY Act failed to advance in the Senate on Tuesday.
Together, these developments have supported safe-haven demand for the US dollar, potentially limiting Bitcoin’s upside.
Bank of England holds rates but sounds inflation warning
Economies.com
2026-09-17 11:38 UTC
The Bank of England said UK inflation is likely to rise above 4% early next year as it kept interest rates unchanged on Thursday, while Governor Andrew Bailey explicitly warned that a prolonged conflict in the Middle East could require tighter monetary policy.
Oil extends losses as supply disruption fears ease
Economies.com
2026-09-17 11:35 UTC
Oil prices fell on Thursday, extending their losses after reports of additional Saudi crude shipments through Oman helped ease supply concerns, although prices remained above $100 a barrel amid fears of a broader conflict in the Middle East.
Gold begins to recover as investors digest Federal Reserve decisions
Economies.com
2026-09-17 09:13 UTC
Gold prices rose in European trading on Thursday for the first time in four days, beginning to recover from a six-week low as buying emerged at lower levels, supported by a weaker US dollar against a basket of global currencies and a retreat in the 10-year US Treasury yield from its highest level in 19 years.
Source: www.economies.com