Bitcoin continues falling, and ETFs record worst week since the end of January
Last week, over $1.2 billion flowed out of spot bitcoin ETFs as investors trimmed exposure to the market amid concerns that interest rates may remain elevated for longer. The latest Fed meeting minutes showed that most policymakers were willing to consider rate hikes if energy‑price‑driven inflation persists.
This week, market attention will again focus on inflation data, particularly the PCE consumer spending index, the Fed‑preferred inflation gauge, scheduled for release on Thursday. A reading higher than expected could exert further downward pressure on crypto asset prices.
On the regulatory front, the crypto community will monitor any progress on the CLARITY Act. Bills drafted by the Senate Banking and Agriculture Committees must now be combined into a single proposal for a full Senate vote.
BIGGEST MARKET CHANGES
$HYPE once again ranked among the strongest‑growing assets in the crypto market last week, gaining 30% and setting a new all‑time high at $62.50.
This move followed the recent launch of spot ETFs on HYPE by Bitwise and 21Shares. The funds amassed over $81 million in assets under management within nine sessions of debut, signaling growing institutional demand for regulated exposure to the Hyperliquid ecosystem.
$NEAR also recorded a strong rise, climbing over 60% as investors increased engagement in AI‑related crypto projects after robust forecasts from key companies in the segment.
