Bitcoin is caught between a $177 billion risk-on boom and the return of Fed rate-hike fears

Investors are piling into leveraged ETFs at a record pace, turning the Bitcoin risk-on boom into a test of whether speculative demand can survive hotter inflation and fading expectations of Fed rate cuts. Bitcoin trades near $81,000 as of May 15, close enough to the $86,900 resistance ceiling to make a breakout plausible and to the $76,900 support floor to make a rejection consequential, according to a report by Glas…