Why is Bitcoin price down today despite spot Bitcoin ETF inflows?

Bitcoin price has fallen below $80,000 following the Federal Reserve's decision to hold interest rates steady, even as U.S. spot Bitcoin ETFs attracted more than $423 million over three consecutive trading sessions. Bitcoin price fell 1.50% to $79,810.94 following the Fed's October 28 interest-rate decision. Spot Bitcoin ETFs attracted $423.66 million across three consecutive sessions, according to SoSoValue data. The Federal Reserve maintained rates at 3.75%–4%, with two officials supporting another increase. Santiment found Bitcoin transaction and active-address counts below their July–September weekday averages. Bitcoin price faces immediate support near $79,700, while a recovery above $82,000 could improve momentum.

Source: crypto.news