Bitcoin, FOMC Pre-Meeting Wait-and-See... Hovering at $115,000 [CryptoBriefing]

[Financial News] Bitcoin is hovering at the $115,000 level ahead of the Federal Open Market Committee (FOMC) regular meeting on the 16th.
According to the global virtual asset information platform CoinMarketCap, Bitcoin is trading at $115,000 as of 10 a.m. on the 15th, up 0.01% from the previous day (24-hour basis). Bitcoin has risen 3.11% over the past week.
Bitcoin is trading at 160 million won in the won market. According to the global virtual asset market comparison platform Cryprice, the Korean premium is 0.51%.
Investors are in a wait-and-see mode ahead of the U.S. Federal Reserve's (Fed) decision on whether to cut the base rate. The Fed is expected to decide on the base rate through the FOMC on the 16th-17th (local time).
In particular, institutional investment has decreased. The institutional inflow of 11 Bitcoin spot exchange-traded funds (ETFs) listed in the U.S. recorded $6.1 million the previous day, a sharp drop compared to about $500-700 million recorded over the previous three trading days.
Similarly, the Ethereum spot ETF saw only $10 million in inflows the previous day, compared to $100-400 million over the previous three trading days.
As a result, Ethereum is trading at $4,513, down 1.94% from the previous day. XRP (Ripple) is trading at $2.98, down 1.65%.

yimsh0214@fnnews.com Sanghyuk Lim Reporter