Markets· ★★★· neutral·

Bitcoin back at $77,000: tokenization vs. a hawkish Fed

  • —Bitcoin is trading around $77,000, Ethereum around $2,400
  • —The Fed raised rates by 25 bps, keeping conditions tight
  • —The SEC granted an exemption for tokenized stock trading
  • —A rebound driven by short covering is less sustainable than one driven by spot demand
Why it matters: The market is balancing between tight monetary policy and easing regulation of tokenization; without growth in ETF flows and spot volume, the rebound may prove unsustainable.
#BTC#ETH
Source: Bitcoin Insider
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