Bitcoin Price Rises Slightly Amidst Market Uncertainty, Ether Sees Major Inflows
Bitcoin saw a slight increase in price on Tuesday following a weekend rout, attracting bargain buyers. However, market sentiment remains cautious ahead of key U.S. economic indicators.
Capital flows data revealed that traders were drawn to crypto investment products last week, with Ether seeing significant inflows compared to Bitcoin.
The discussion between Donald Trump and Elon Musk did not mention crypto regulations, disappointing some market participants. Despite Trump’s previous support for the industry, he rarely talks about crypto in mainstream events.
Institutional demand for Bitcoin remains limited, while Ether inflows rebounded with over $155 million coming in. Crypto markets are still recovering from last week’s losses, with Bitcoin trading between $50,000 and $60,000.
Altcoins also saw gains, with Ether rising 3.8% and other tokens like X, Y, and Z showing modest increases. Traders are awaiting key U.S. inflation data to gauge the Federal Reserve’s interest rate plans.
In conclusion, the crypto market remains volatile with Bitcoin and Ether showing mixed trends. Investors should stay informed about market indicators and economic data to make informed decisions about their finances.