50CRYPTO
⚡ Markets: Higher-for-longer interest rates are typically a headwind for risk assets like cryptocurrencies. Continued ETF outflows suggest institutional caution. The price action indicates crypto markets are still highly correlated with traditional finance.BTCETH
Bitcoin's price fluctuated, initially rising toward $80,000 before pulling back, as markets digested US CPI data that reinforced expectations of a Fed rate hike. The crypto market remains sensitive to macroeconomic data and shifting expectations for monetary policy, with spot Bitcoin ETFs seeing continued outflows.
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