Fragile Optimism in Crypto as ETF Flows Return
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Bitcoin rebounded to $71,000 and Ethereum to $2,150 after ETF inflows resumed, indicating possible local price stabilization. Traders are awaiting the Non-Farm Payroll and Consumer Price Index reports, which could impact Federal Reserve rate expectations.
Even though they were trading at around $68,000 and $1,980, respectively, at the time of writing, Bitcoin and Ethereum bounced yesterday after sharp sell-offs, with BTC reaching $71,000 and ETH climbing to $2,150 following the resumption of spot ETF inflows.
The rebound renewed speculation that BTC may have established a local floor, but traders are also bracing for today’s Non-Farm Payroll (NFP) report and Friday’s Consumer Price Index (CPI) release, two data points that could reset Federal Reserve rate expectations and determine whether the rally holds.
In This News
Coins
$ 66.18K
-4.75%
$ 1.92K
-5.39%
$ 0.0166
-2.69%
$ 0.00247
-3.25%
$ 1.92K
-5.65%Funds
Share:
In This News
Coins
$ 66.18K
-4.75%$ 1.92K
-5.39%$ 0.0166
-2.69%$ 0.00247
-3.25%$ 1.92K
-5.65%Funds
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Bitcoin ETFs See Inflows, Nearly Offsetting Last Week’s Outflows Amid Market Pressure
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Fragile Optimism in Crypto as ETF Flows Return
Share:
Bitcoin rebounded to $71,000 and Ethereum to $2,150 after ETF inflows resumed, indicating possible local price stabilization. Traders are awaiting the Non-Farm Payroll and Consumer Price Index reports, which could impact Federal Reserve rate expectations.
Even though they were trading at around $68,000 and $1,980, respectively, at the time of writing, Bitcoin and Ethereum bounced yesterday after sharp sell-offs, with BTC reaching $71,000 and ETH climbing to $2,150 following the resumption of spot ETF inflows.
The rebound renewed speculation that BTC may have established a local floor, but traders are also bracing for today’s Non-Farm Payroll (NFP) report and Friday’s Consumer Price Index (CPI) release, two data points that could reset Federal Reserve rate expectations and determine whether the rally holds.
In This News
Coins
$ 66.18K
-4.75%$ 1.92K
-5.39%$ 0.0166
-2.69%$ 0.00247
-3.25%$ 1.92K
-5.65%Funds
Share:
In This News
Coins
$ 66.18K
-4.75%$ 1.92K
-5.39%$ 0.0166
-2.69%$ 0.00247
-3.25%$ 1.92K
-5.65%Funds
Share:
Read More
Bitcoin ETFs See Inflows, Nearly Offsetting Last Week’s Outflows Amid Market Pressure