Bitcoin's $70K Test: How Long Can ETFs Outlast the Fed?
Bitcoin ETF inflows just broke their 7-session streak as the Fed signals stagflation risk. Here's what the order books are actually telling you about the $70K test.
Bitcoin ETF inflows just broke their 7-session streak as the Fed signals stagflation risk. Here's what the order books are actually telling you about the $70K test.
Bitcoin dropped 4.3% to ~$71,000 yesterday after Federal Reserve Chair Jerome Powell killed any lingering hopes for rate cuts in the near term. The Fed held rates at 3.5-3.75%, and Powell's press conference was decidedly hawkish — services inflation is sticky, the labor market is
Bitcoin is sitting at roughly $71,000 as of this afternoon — down from $74,000 just 24 hours ago — and the market is sorting through a messy confluence of signals. Hot inflation data, geopolitical escalation in the Middle East, and a landmark regulatory announcement from the SEC all hit in
While the Dow Jones plunges 740 points and Wall Street grapples with stagflation fears, Bitcoin just crossed $72,000. This isn't a typical risk-on rally — it's the beginning of a structural decoupling. The Divergence Thursday's market action told a stark story: the Nasdaq dropped