Crypto Market Sees No Deeper Sell-Off Despite US Rate Expectation Shift
Bitcoin's price has stabilized near $80,000, while Ethereum hovers around $2,500. The cryptocurrency market seems to be absorbing recent changes in U.S. rate expectations, with a lack of a deeper sell-off suggesting that the market is still digesting this shift.
According to CoinMarketCap, the global crypto market capitalization has decreased by 0.33% to $2.7 trillion. The crypto fear and greed index today stands at 71, indicating a greedy market sentiment.
Riya Sehgal from Delta Exchange pointed out that recent spot Bitcoin ETF inflows indicate continued demand for cryptocurrency exposure despite the shift in macro environment. This creates a contrast between tighter policy expectations and ongoing capital entry into the market.