As Asia opens for its trading day, bitcoin continues to maintain the $30,000 mark, while ether is flat. “The market is on standby, awaiting signals of price increase following a slowdown or pause in rate hikes in the second half of the year, which would be characterized by liquidity inflow,” Bybit’s Ether Chen, told CoinDesk in a note. This recovery would be contingent upon the cessation of rate hikes, BTC halving and the resolution of regulatory storms. Tim Frost, CEO of digital wealth platform Yield App points to slowing inflation figures but a market confidence that the Federal Reserve will still hike rates as sort of a mixed messaging.
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