CryptobitcoinBitcoin ETFs
Asia Morning Briefing: Bitcoin Holds Near $109K Amid Shifting ETF Flows and Fed Policy Outlook
Bitcoin traded around the $109,000 level as market sentiment was influenced by a combination of moderating U. S.ETF inflows and a reaffirmed hawkish stance from Federal Reserve Chair Jerome Powell. The recent rally, previously fueled by record-breaking demand for spot Bitcoin ETFs, is facing a test as these flows show signs of deceleration.Powell's recent comments, emphasizing a data-dependent approach to interest rates and a sustained fight against inflation, have tempered enthusiasm for risk assets broadly. This has introduced a note of caution into the digital asset space, with some speculative momentum easing.However, underlying network fundamentals for Bitcoin, such as the hash rate, remain robust. Market participants are now assessing the durability of the current price level against a backdrop of shifting macroeconomic expectations and evolving institutional demand patterns.
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#bitcoin
#ETF demand
#price drop
#Powell
#risk assets
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