【Bitfinex Report: Bitcoin Price Hit Historical High Last Week, Currently Consolidating Due to Sensitivity to Macroeconomic Markets】Golden Finance reports that the Bitfinex Alpha report points out: Bitcoin surged to a historical high of $123,640 last week, but subsequently fell sharply due to higher-than-expected U.S. inflation data suppressing risk appetite, highlighting the market's sensitivity to macro headwinds. BTC is currently beginning to consolidate between its historic high and local low, and the price trend may remain range-bound until stronger catalysts, such as more dovish signals from the Fed or inflows from ETF funds, emerge. Ethereum climbed from $1,386 in April to $4,783 last week; without structural capital inflows, the rally of altcoins often struggles to sustain. In addition, institutional funds continue to flow into major cryptocurrencies like BTC and ETH, with the market currently at a critical turning point.
