Crypto Market Hits $2.72T Ahead of Critical Senate Vote and Fed Decision
Bitcoin trades near $78,000 amid a $2.72T market cap, with traders weighing a high probability of a Fed rate hike against a recent turnaround in market sentiment. New data indicates that options skew has turned bullish and ETF inflows have surged, suggesting some investors are positioning for further gains despite macroeconomic headwinds.
According to GN markets/crypto (en-US), options market data reveals a shift in sentiment, with 25-delta skew turning positive for the first time in a year as traders increasingly favor call options over protective puts. This bullish tilt is coinciding with a significant rebound in Bitcoin ETF inflows, which saw nearly $2 billion enter funds last week, marking a sharp reversal from the eight consecutive weeks of outflows seen in the spring.
Source: Межа. Новини України.The global cryptocurrency market capitalization rose 1.1% to $2.72 trillion on Monday. Bitcoin traded near $78,000 as traders awaited the Senate procedural vote and Federal Reserve rate decision.
Source: CoinGape
