After a strong sell-off over the weekend, dropping from above $80,000 down to a low of $74,000, BTC is experiencing a slight recovery and stabilizing around the $77,000-$79,000 range. The overall crypto market is in a risk-off correction phase, influenced by high US inflation data, the Fed delaying interest rate cuts, and the strength of the USD. However, there are signs of a rebound with inflows into spot BTC ETFs recently, and some analyses suggest that $75,000 is an important support zone – if maintained, it could test $80,000-$82,000 again.
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After a strong sell-off over the weekend, dropping from above $80,000 down to a low of $74,000, BTC is experiencing a slight recovery and stabilizing around the $77,000-$79,000 range. The overall crypto market is in a risk-off correction phase, influenced by high US inflation data, the Fed delaying interest rate cuts, and the strength of the USD. However, there are signs of a rebound with inflows into spot BTC ETFs recently, and some analyses suggest that $75,000 is an important support zone – if maintained, it could test $80,000-$82,000 again.