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Bitcoin Recovers Above $80,000 as 14,942 BTC Exit Exchanges
Bitcoin's price has recovered above the $80,000 threshold following recent market movement. A total of 14,942 BTC was withdrawn from exchanges ahead of an upcoming decision by the Federal Reserve. Both exchange withdrawals and inflows into exchange-traded funds provided support for the asset's price gains. However, traders maintain a cautious stance due to lingering Federal Reserve policy uncertainty. Additionally, ongoing geopolitical tensions involving Iran are contributing to cautious sentiment among market participants.