Bitcoin hovered near $78,000 as the global crypto market cap approached $2.6 trillion, supported by strong ETF inflows of $1.9 billion. While institutional demand remains firm, analysts highlight neutral sentiment and caution over volatility, as gains are driven more by futures activity than spot buying across markets.
Fed’s Beth Hammack and Thomas Barkin favour gradual rate hikes as inflation stays high
Two officials from the Federal Reserve have supported modest and steady interest rate increases to combat high inflation. They believe these adjustments should minimize disruptions