0628 GMT - Bitcoin rose above $74,000 early in the Asia session, steadying below that mark amid market unease about a lack of de-escalation in the Middle East. Institutional capital is starting to return after a cautious start to the year, says Linh Tran at XS.com. Notably, spot Bitcoin ETFs have posted inflows for five straight sessions. Bitcoin's nearly 12% rise since tensions began to escalate around mid-February suggest it may be starting to show characteristics of a "digital safe-haven," Tran says. Markets will eye Fed signals this week. A more hawkish-than-expected tone emphasizing the need to keep rates higher for longer to control inflation could pressure risk assets. A more balanced stance or signals of less policy rigidity could lift risk sentiment. Bitcoin last at $73,721. (fabiana.negrinochoa@wsj.com)
(END) Dow Jones Newswires
March 16, 2026 02:28 ET (06:28 GMT)
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