Bitcoin is trading at $109,000 as demand for U.S. exchange-traded funds (ETFs) diminishes, with Federal Reserve Chair Jerome Powell’s hawkish comments impacting risk assets. The fading demand for Bitcoin ETFs in the U.S. has contributed to fluctuations in market activity. Investors are responding to Powell’s recent remarks, which indicate a more cautious approach to monetary policy. This tone has led to a reassessment of risk within financial markets. The interaction between Bitcoin’s performance and regulatory developments highlights the current landscape of cryptocurrency trading. Concerns over interest rate hikes continue to shape investor sentiment, influencing both traditional and digital asset markets.
