Bitcoin & Ethereum Hit Highs on ETF Inflows, Fed Cut Hopes
Bitcoin plus Ethereum don reach new record high, wey carry total crypto market cap pass $4.18 trillion. Bitcoin climb over 3.5% reach about $128,000. Ethereum kon increase 59% dis month dey near $4,750. Investors get hope say Fed go cut rate, dis hope dey supported by soft US inflation data, e boost demand. Spot Bitcoin ETF dem see $1.16 trillion net inflow, BlackRock IBIT lead di join. Ethereum ETF dem also add $141.5 billion. Supportive policy moves like Trump government reserve asset designation for Bitcoin and Congress GENIUS Act for stablecoin regulation don encourage institutional interest. USDC growth plus Circle IPO show Ethereum ecosystem dey expand. Corporations dey hold $15.7 billion Bitcoin and more than $13 billion Ethereum as treasury asset. On-chain signals plus technical suggest say short-term small pullback fit happen. Bitcoin hash rate fall from 965 EH/s to 892 EH/s. Bearish MACD divergence plus possible double-top near recent highs show support around $112,000. Traders suppose dey watch Fed announcement, ETF flow plus hash rate trend for market direction.
Bullish
Record highs for Bitcoin and Ethereum dey show strong institutional demand and growing hope say Fed go cut rate. Oyo no get before dey flow enter spot ETFs mean say capital dey come steady steady. Regulatory support plus the growth of stablecoin dey make the ecosystem strong well well. These tins dey underpinn wetin make people hope say price go still rise, even if e fit drop small for short term to key support levels.