From Investing.com: 2024-04-08 01:17:40

Bitcoin price remains stable amid US rate fears. At $69,406, it recovered weekly losses, stuck in a trading range since hitting record highs in March. Ethereum rose 1%, while XRP fell 0.4% under ongoing government scrutiny.

Investors hesitant about early US rate cuts. The market only sees a 51% chance of a June rate cut, awaiting CPI data on Wednesday to guide decisions. Higher rates pose a risk for crypto markets dependent on loose monetary conditions for trading.

Bitcoin market strength wanes as SEC approved ETF enthusiasm fades. Capital flows slow as the initial excitement over Bitcoin ETF approval diminishes. Traders now eye SEC decision on Ethereum ETFs in May and ongoing cases against Binance and Coinbase for market trends.

Read more at Investing.com: recovers to $69k, but rate cut jitters limit gains By Investing.com