Bitcoin Price Consolidates Near $79,500 as Strong Institutional Demand Meets Elevated Fed Hike Bets
BTC trades near $79,500 after gaining over 3.4% last week, supported by strong institutional demand.
US-listed spot Bitcoin Exchange Traded Funds (ETFs) recorded a net inflow of $986.85 million last week, marking the third week of heavy inflows.
Rising tensions between the US and Iran, as well as a resilient US labor market, keep Fed tightening expectations elevated, potentially weighing on BTC.