At the end of the week, the global crypto market showed positive signs, with Bitcoin (BTC) up 11% over the past seven days, which marked a high level of confidence in investors. Likewise, Major altcoins like Ethereum (ETH) have entered the green zone. Whereas, XRP and Solana (SOL) experienced a bullish sign this week and added prices 7% to 9%, respectively.
On Saturday, the world crypto market reached $2.97 trillion, reflecting a 1.01% increase in the previous day. As per CoinMarketCap, the Fear and Greed Index stood at 53, indicating a natural sentiment in the market.
Bitcoin Surges, US Spot BTC Inflow Sees A Spike
Bitcoin Price at the time of press trading at $94,812.79, marking a 1.19% gain in the past 24 hours. Its price touched $95K this week after a two-month low. Its market volume is up 11% over the past 24 hours, indicating a positive sign for investors interest. BTC price 24-hours low and high were $93K-$95K, respectively.
Many analysts predict that Bitcoin Price could hit $150K near Future. However, Digital coin analyst Crypto ELITES Predicts that Bitcoin price surpass $180k in November 2025. At the same time, Cathie Wood’s Ark Invest has forecast that BTC price hit a new all-time high of $300000 in 2030. Likewise, crypto expert Merlijn The Trader forecasted the BTC price’s bullish rally to $150k soon.
According to the Sosovalue, the US Spot Bitcoin Exchange Traded Fund saw a significant inflow on Friday. Investors added money in assets of $380 million. BlackRock IBIT (ishares) largest ETF by net assets led this surge with a $240.1 million inflow, while Grayscale BTC had a $19.9 million inflow. Fidelity FBTC and ARK and 21 shares of ARKB also added $108 and $11 million inflows respectively. Grayscale GBTC was the only ETF that saw an outflow of $7.5 million.
As per Coinglass data, Bitcoin saw liquidation worth about $82.14 million over the past 24 hours. In the past 24 hours, 118,432 traders were liquidated, the total liquidations come in at $267.22 million.
ETH Price Outlook Amid Rising Ether ETF Inflows
Ethereum, the second-largest crypto market in the global crypto market, was struggling to recover its market. ETH’s bad days ended and its price skyrocketed, its price was up 13% in the previous seven days and gained 1.87% in the past 24 hours. At the time of writing it was trading at $1,809.82. Its 24-hour low and high were $1770 to $1823, respectively. Its market cap reached $218.39 billion.
According to farside data, the US Spot Ether ETF saw a $104 million inflow yesterday. BlackRock ETHA led this inflow with $54.4 million. Fidelity FETH also added money in assets worth $35.9 million. However, Grayscale ETH and Invesco QETH saw inflows $10.2 million and $1.8 million, respectively.
Related Reading | Bitcoin Surges As Crypto Market Recovers Amid ETF Outflow
Comments (No)