Bitcoin Rises to Three-Week High Due to Easing Macroeconomic Concerns and ETF Inflows

According to reports from Jinshi Data, analysts at Saxo Bank stated that the easing of macroeconomic concerns and the continued inflow of ETFs have boosted cryptocurrency sentiment, with Bitcoin rising to a three-week high. The trade agreement between the United States and Vietnam has increased market optimism, with tariffs lower than expected. A weak ADP private employment report has increased bets on an interest rate cut by the Federal Reserve, further supporting risk appetite. BlackRock's Bitcoin ETF and the new iShares Ethereum ETF have risen, showing that institutional demand for cryptocurrencies remains strong.