Home
Cryptocurrency
Cryptocurrency News
Bitcoin Remains Range Bound Ahead of US Fed Decision and ETF Outflows

Bitcoin Remains Range Bound Ahead of US Fed Decision and ETF Outflows

The crypto market is showing signs of consolidation, as investors remain cautious.

Written by Rahul Dhingra, Edited by David Delima | Updated: 29 April 2026 13:21 IST

Bitcoin Remains Range Bound Ahead of US Fed Decision and ETF Outflows

Photo Credit: Unsplash/Erling Løken Andersen

Bitcoin hovers near key levels as selling pressure limits upside

Click Here to Add Gadgets360 As A Trusted Source

Highlights

Range-bound price action signals a lack of strong directional momentum
ETF outflows signal cautious institutional sentiment
Key resistance near $80,000 continues to cap upside

Bitcoin traded near $77,300 (roughly Rs. 73.2 lakh) on Wednesday, as the cryptocurrency market remained cautious ahead of the US Federal Reserve's rate decision and shifting institutional flows. The world's largest cryptocurrency saw an increase of 0.3 percent in the last 24 hours, based on today's market data. Ethereum (ETH) was trading near $2,300 (roughly Rs. 2.21 lakh), reflecting steady but restrained movement across the broader crypto market. Bitcoin is currently priced around Rs. 73 lakh in India, while Ethereum trades near Rs. 2.21 lakh, as per today's Gadgets 360 price tracker.

According to market participants, institutional sentiment has softened slightly, with spot Bitcoin ETFs seeing $263 million (roughly Rs. 2,492 crore) in outflows after a sustained inflow streak, signalling cautious positioning ahead of key macro triggers.

Cryptocurrency Discussion

Explore More...

Across the broader market, altcoins remained largely stable, mirroring Bitcoin's cautious movement. Binance Coin (BNB) was priced around $627.32 (roughly Rs. 59,400), while Solana (SOL) traded near $84.84 (roughly Rs. 8,040). XRP hovered around $1.39 (roughly Rs. 132), and Dogecoin (DOGE) was trading close to $0.102 (roughly Rs. 9.66), indicating limited risk appetite across the broader market.

Canada Advances Bill C-25 Proposing Ban on Crypto Political Donations

Macro Uncertainty and ETF Flows Keep Market Range-Bound

Providing a broader market perspective, Vikram Subburaj, CEO of Giottus.com, said, “Price action is being influenced by mixed ETF flows. There were modest inflows after a sharp outflow [...] On-chain signals such as low exchange reserves continue to reflect tightening supply. But rising profit-taking near resistance is limiting upside momentum [...] Investors should avoid chasing rallies. Consider entering in parts during pullbacks. Keep position sizes disciplined. Stay cautious ahead of macro-driven volatility.”

Explaining the current market setup, Akshat Siddhant, Lead Quant Analyst at Mudrex, said, “If the Fed maintains a hawkish stance, Bitcoin may move toward the $75,000 (roughly Rs. 71.1 lakh) support. The next major trigger will be the April CPI data, especially to assess rising energy-driven inflation.”

Adding further context to recent price action, the CoinSwitch Markets Desk said, “Lower participation from institutions and liquidity providers led to thinner order books, making prices more reactive to smaller trades. Focus now shifts to the Federal Reserve meeting, where rates are expected to remain unchanged. This is generally supportive as it keeps borrowing costs steady.”

Overall, analysts said the crypto market continues to stay in a consolidation phase as investors track macro developments, ETF flows, and institutional positioning. Bitcoin's ability to stay above the $75,000 (about Rs. 71.1 lakh) support zone and try to move toward the $80,000 (about Rs. 75.8 lakh) resistance level will continue to be the main factor in how the market moves.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

Cryptocurrency Prices across Indian exchanges

Comments

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Further reading: Cryptocurrency, Bitcoin, Ethereum, Crypto markets

Rahul Dhingra

Email Rahul Dhingra

Rahul Dhingra is a crypto writer at Gadgets 360, where he covers the exciting world of Cryptocurrency, Blockchain, Defi and Web3. Before joining Gadgets 360, he worked as a content specialist for a European-based Crypto Exchange. Rahul loves storytelling, not just through the written word but also through the visual medium. Beyond his professional life, Rahul is a sports fanatic. Whether it’s cricket or football, his passion for the game is contagious. More