Bitcoin trades near $62,000; inflation, geopolitical risks remain key market drivers

Bitcoin trades near $62,000, up 1.37% in 24 hours, while Ethereum rose 2.30% to $1,754 with weekly gains of 11.05%. Experts attribute the recovery to expectations of a more accommodative Federal Reserve policy, though Bitcoin's daily RSI remains below 50 indicating weak momentum and Bitcoin ETFs recorded net outflows exceeding $290 million.