Bitcoin Leads Crypto Market Rebound Amid Bullish Momentum & Rising Inflows

The global market again showed bullish momentum, with Bitcoin (BTC) up two consecutive days today with a 1.26% rise over the past 24 hours. Major altcoins, including Ethereum (ETH), gained 1.51%, and XRP and solana (SOL) increased 2% to 3%, respectively. However, the Bitget token (BGB) has become the top gainer coin, up 8% over the past 24 hours.

FTX (FTT) is the second coin in the top gainer list in the past two days, up 7% over the 24 hours. According to coinmarketcap, the world crypto market cap attained 1.23% and reached $3.33 trillion. The Fear and Greed index stands at 54, indicating a natural market sentiment. In this article, we have discussed the top gainer loser coin and focused on major altcoins.

Bitcoin & Ethereum price Rebound

The rate of the first cryptocurrency (BTC) is $96,653.69, reflecting a gain of approximately 1.17% over the past 24 hours. Its 24-hour low and high were 95.68k to 96.65k. Its market cap stood at $1.91 T, and market volume reached $47.68 billion. Bitcoin’s market dominance stood at 57.05% today, showing a dominant market stance for the flagship crypto.

As per Sosovalue, The U.S. Spot Bitcoin Exchange-traded Fund saw a positive inflow after a four-day outflow. On 26 Dec, US BTC spot ETF saw a $475 million inflow. Fidelity FBTC led this surge with $254 million, while BlackRock IBIT (ishares) added $56 million. Ark ARKB saw a massive inflow with $186 booked. Grayscale GBTC and Bitwise BITB saw an outflow of $24 million and $8 million, respectively.

In other news, Israel will launch six Bitcoin mutual funds on December 31, approved by the Israel Securities Authority (ISA). Managed by top firms, these funds will offer daily transactions in shekels, with fees from 0.25% to 1.5%. This move follows global trends inspired by the U.S. SEC’s Bitcoin ETF approvals. These are firms Migdal Capital Markets, Phoenix Investment, More, Ayalon, IBI, and Meitav, which controlled mutual funds.

Ethereum Price Today

Ethereum (ETH), the second largest cryptocurrency by market cap, is struggling to come back and achieve the milestone of $4K once. Many experts predicted ETH could be $7K in 2025; at the time of writing, ETH is trading at $3,394.48, up 0.76% over the 24 hours. It was a 24-hour low and high were 3.2K to 3.3K, respectively. Its market cap stood at $3,394.48, up 0.65% in a single day.

The U.S Ethereum Exchange Traded Fund saw a $117.2 million inflow yesterday. Fidelity FETH, the second largest ETF by net asset, led this surge with a $83.3 million inflow. BlackRock ETHA and Grayscale ETHE experienced inflows of $28 million and $6 million, respectively. The other six ETFs saw zero flow. The U.S. spot Ether ETF saw a consecutive three-day inflow, reflecting market interest.