The cryptocurrency market is witnessing significant events, including Bitcoin's stability and Ether's rise following US news on tariffs. A US court has struck down the tariff regime, impacting investor sentiments.
Bitcoin Stability
Bitcoin has remained steady, hovering around $108,600, despite profit-taking by large holders (over 10K BTC). The increase in exchange deposits indicates ongoing interest in the cryptocurrency.
Ether Growth
Ether surged by 3.81%, reaching $2,780. The inflow into Ether ETFs amounted to $84.9 million, showing increasing demand for the eighth consecutive day.
Current Market Trends
The market is also seeing fluctuations among altcoins: TON, PEPE, and FLOKI exhibited significant gains, while FARTCOIN and JUP lagged behind. However, the Bitcoin options skew has shown short-term bearish signs, while Ether futures indicate institutional demand.
Overall, the cryptocurrency market continues to display confidence, with signs of institutional inflows and growing expectations for future trends.
