
Bitcoin Faces Institutional Outflows and Fed Rate Hike Fears as Ethereum Draws Capital
Bitcoin hovers near $77,000 with sustained institutional outflows from Bitcoin ETFs amid rising Federal Reserve rate hike expectations.
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Bitcoin hovers near $77,000 with sustained institutional outflows from Bitcoin ETFs amid rising Federal Reserve rate hike expectations.

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Inflation’s persistence and a sharp fall in consumer sentiment are driving the Federal Reserve toward another interest rate increase.

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As the Federal Reserve prepares to hike interest rates following hotter-than-expected inflation data, American consumers face rising borrowing costs.

US Treasury yields have surged this week, with the 10-year note nearing 5% and the 2-year surpassing 4.6%, flattening the yield curve to a near-decade low.
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