The crypto market took off this morning! Over the weekend, Iranian officials sent peace signals to the CIA, and hopes for easing US-Iran tensions have risen, with global risk-off sentiment substantially declining. Oil prices fell in response, and risk assets rebounded collectively.
Bitcoin surged even more dramatically, jumping $1,800 in 30 minutes, nearly reaching the 40-day high of $74,300, triggering over $113 million in short liquidations, while also breaking through the 50-day moving average with strong technical buying pressure.
Not only that, but Bitcoin spot ETFs have maintained net inflows of $767 million over three consecutive weeks, while Ethereum ETFs have attracted $161 million in capital. Institutions are aggressively adding positions. With the 20 millionth Bitcoin about to be mined, scarcity is igniting FOMO sentiment. Total market cap increased by $9 billion in 24 hours, with ETH rallying 7.6% for the day. Did you catch this rally?
The crypto market took off this morning! Over the weekend, Iranian officials sent peace signals to the CIA, and hopes for easing US-Iran tensions have risen, with global risk-off sentiment substantially declining. Oil prices fell in response, and risk assets rebounded collectively.
Bitcoin surged even more dramatically, jumping $1,800 in 30 minutes, nearly reaching the 40-day high of $74,300, triggering over $113 million in short liquidations, while also breaking through the 50-day moving average with strong technical buying pressure.
Not only that, but Bitcoin spot ETFs have maintained net inflows of $767 million over three consecutive weeks, while Ethereum ETFs have attracted $161 million in capital. Institutions are aggressively adding positions. With the 20 millionth Bitcoin about to be mined, scarcity is igniting FOMO sentiment. Total market cap increased by $9 billion in 24 hours, with ETH rallying 7.6% for the day. Did you catch this rally?