Crypto Market Digests US Rate Expectations Amid $80k Bitcoin Hiccup

Bitcoin is hovering near the $80,000 mark and Ethereum is trading at around $2,500 as investors digest the recent shift in U.S. rate expectations.

The global crypto market capitalisation has edged down by 0.33% to $2.7 trillion, according to CoinMarketCap.

Riya Sehgal from Delta Exchange notes that despite a tighter policy environment, capital is still entering the market through spot Bitcoin ETF inflows, creating a contrast between macro expectations and continued demand for crypto exposure.

The crypto fear and greed index today stands at 71, indicating a sentiment of greed in the market.