Bitcoin Price Hits $64K Steady Ground Amid Hawkish Fed Tone
The Bitcoin price has steadied above $64,000 after a modest rebound earlier this week.
Fresh inflows into BTC spot Exchange Traded Funds (ETFs) have provided some support, but traders should be cautious as renewed inflation concerns and the escalating US-Iran conflict continue to cap the cryptocurrency's upside momentum.
The crypto market is trading in neutral-to-slightly bullish conditions, with Bitcoin holding above $64,000. Ethereum hovers above the $1,900 short-term support level, while Ripple struggles to gain momentum ahead of a potential nail $1.10 breakout.