Crypto Market Sees Mixed Signals as Bitcoin Surges and Binance Inquiry Creates Uncertainty

The cryptocurrency market is experiencing a complex mix of bullish and bearish trends. On one hand, Bitcoin's price has surged past $68,000, liquidating $400 million in shorts, while spot ETF inflows reached $257 million in a single session.

On the other hand, a US Senate inquiry into Binance over alleged sanctions violations is creating uncertainty and raising concerns about centralized exchange risk. The investigation demands compliance records and explanations for why investigators who flagged the activity were reportedly fired.

Pepeto's presale, on the other hand, is gaining traction despite the Fear and Greed Index hitting its lowest reading in history. With a $7.3 million raise and forecasts of 300x returns, Pepeto is following a pattern similar to major meme coin rallies in crypto history.