Bitcoin remains relatively resilient despite technology stock weakness, while Ethereum continues to attract institutional money through strong ETF inflows.

Bitcoin briefly dropped to $76,700 after the latest inflation data before recovering toward $78,000. According to QCP Capital, this “contained” reaction is a sign that markets have largely absorbed the prospect of a 25-basis-point rate hike.

The firm explained that BTC’s technical setup remains constructive at current levels, although conviction is still dependent on the broader market response to this week’s events.

Two Very Different Bets

Bitcoin is trading above a major support zone at $75,000 to $76,000…