According to Odaily, Pepperstone strategist Michael Brown has indicated in a report that the monthly overall inflation data in the United States no longer exerts a significant impact on the markets as it did earlier in the current cycle. This shift is attributed to the Federal Reserve's confidence in inflation progressing towards the 2% target on a sustainable basis over the medium term. Consequently, the Federal Reserve has shifted its focus, making developments in the labor market a key driver for future policy changes.
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According to Crypto Briefing: Bitcoin's ascent to $80,000 is primarily fueled by strong institutional demand via spot Bitcoin ETFs, marking a significant departure from previous retail-driven rallies. Gemini co-founder Cameron Winklevoss attributes this price surge to consistent inflows from institutional investors through spot Bitcoin ETFs, rather than retail FOMO.
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According to data from Alternative.me indicates that the cryptocurrency Fear and Greed Index has risen to 78 today, up from 75 yesterday. This increase signifies that the market is currently in a state of 'extreme greed.'
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