Bitcoin Traders Anticipate Fed Decision Amid Price Volatility.

Bitcoin traders are cautious ahead of the US Federal Reserve's interest rate decision, with most expecting a "hawkish" pause. Puts tied to bitcoin are trading pricier than bullish calls, indicating a nervous mood in the market. Meanwhile, Binance.US can continue doing business after a federal judge declined to approve a temporary restraining order freezing the US trading platform's assets. Bitcoin supply on crypto exchanges has slipped to its lowest levels since February 2018, suggesting traders and investors prefer self-custody. The spread between the Federal Reserve's benchmark fed funds rate and inflation metrics has turned positive, denting the appeal of zero-yielding assets like gold and bitcoin.