Bitcoin Price Steadies Near $109K While Investors Anticipate FOMC Insights

Bitcoin’s price latest retreat to $109,000, following several unsuccessful surges beyond $111,000, mirrors a market quietly bracing for clarity. As the Federal Reserve prepares to unveil the minutes of its latest FOMC meeting, risk appetite appears subdued.

The release, slated for May 28 at 18:00 UTC (20:00 CEST / 21:00 EEST), will offer rare transparency into the Fed’s internal debates around:

• where interest rates might be headed,
• how the Fed sees the current economic outlook,
• and what signals it’s sending about future monetary policy.

Market sentiment vibes? Still steady:

• Fear & Greed Index clocks in at 68 – a clear sign of greedy optimism;
• BTC dominance: 63.1% of total crypto market cap;
• Altseason Index: 23, signaling continued Bitcoin season.

The futures market has cooled, with just $197 million in total liquidations volume over the past day. Neither bulls nor bears had the upper hand, as losses were evenly spread. However, Ethereum (ETH) traders suffered more losses than their BTC counterparts—$60 million versus $45 million, respectively.

Uptrend Intact, But Bulls Face Headwinds

BTC is clinging to its diagonal support, preserving the bullish trend for now. But the bulls have hit a wall: repeated failures to secure daily closes above $110K are beginning to cast doubt. Without renewed energy, a short-term correction could be looming.

Trader Glitch says Bitcoin is still moving inside its bullish range — but the momentum is cooling. If BTC can lock in a breakout above the range, he sees $156,000 as the next big target. Still, he's not ruling out a dip to $100K if the trend cracks under pressure.

U.S. Liquidity Conditions Fuel Bitcoin's Ascent

The U.S. financial environment continues to support Bitcoin's upward trajectory. On May 27, 2025, spot Bitcoin ETFs saw a combined $385.4 million in net inflows. IBIT by BlackRock dominated the landscape with $409.3 million in new capital, while other ETFs experienced outflows—likely a sign of internal capital rotation, not declining interest.

Ecoinometrics attributes Bitcoin’s recent price surge to a marked improvement in U.S. financial conditions. The National Financial Conditions Index (NFCI), which reflects stress levels, market spreads, and credit accessibility, has declined since the tightening observed in early 2025, pointing to a less restrictive economic environment.

The easing of the NFCI index points to a more accommodating market backdrop, where liquidity flows more freely and investors are emboldened to seek out higher returns. In this setting, assets at the high end of the risk spectrum—like Bitcoin—typically emerge as key beneficiaries.

Read on: How to Buy New Crypto Before Listing: A Step-by-Step Guide