Fidelity: Buyers purchased 430,000 BTC around $85,500, indicating that this price level is providing significant support.
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TL;DR
Fidelity reports buyers purchased 430,000 BTC around $85,500, showing strong support at this level. BTC regained momentum after nearing $90,000, with stable volatility and Fed meeting monitoring.
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BitcoinFidelityBTC pricemarket supportFederal Reserve
According to Odaily Odaily, Fidelity Digital Assets, a subsidiary of Fidelity, stated on its X platform that after approaching the $90,000 mark, BTC has regained its upward momentum as macroeconomic expectations have shifted. Buyers entered the market around $85,500 (approximately 32% lower than the all-time high), purchasing about 430,000 BTC, indicating that this price level constitutes significant support. Currently, market volatility is stable, and the company will closely monitor the market's reaction to today's Federal Reserve meeting.