Bitcoin tops $60K amid Fed inflation talks: Is bull trap or $65K next?

CoinTelegraph·

Bitcoin tops $60K amid Fed inflation talks: Is bull trap or $65K next?

60-second summary

Bitcoin surges above $60,000, defying Federal Reserve rate hike fears and steady outflows from BTC spot ETFs, with over $1 billion in assets under management. The rally raises questions about a potential bull trap, but analysts remain optimistic, predicting a possible push towards $65,000 as investors weigh inflation concerns against market momentum.

Bitcoin rallied above $60,000 despite Federal Reserve rate hike fears and steady outflows from the BTC spot ETFs. Is the rally a bull trap?