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Bitcoin Rises 13% After Fed Hike and ETF Inflows

Bitcoin Rises 13% After Fed Hike and ETF Inflows

Spot Bitcoin ETFs pulled in $2.31 billion over just a few days, while short positions got squeezed. The price also broke out of a technical pattern after the Fed decision.

The United States has a major influence on the global crypto market.

Developments in the United States often influence the crypto market, including through regulation, lawsuits, ETFs, and the involvement of major financial institutions.