Bitcoin Holds Strong Above $65K as ETF Inflows Return, Altcoins Show Signs of Recovery
Bitcoin (BTC) remains resilient, hovering above $65,000 amid renewed optimism in the crypto market. After a brief dip last week, BTC regained momentum, boosted by institutional demand and a resurgence in spot Bitcoin ETF inflows.
BTC trades at $65,420, up 3.2% in the past 24 hours.
Ethereum (ETH$ETH ) follows suit, trading near $3,400 with optimism building ahead of upcoming protocol upgrades.
Solana (SOL$SOL ) and Avalanche (AVAX$AVAX ) are among the top altcoin gainers, each up over 5% in a 24-hour period.
Spot Bitcoin ETFs in the U.S. saw net inflows of over $250 million yesterday, signaling renewed investor confidence.
Regulatory clarity in the EU and Hong Kong continues to support positive sentiment.
Market Analysis: Analysts suggest that macroeconomic stability, coupled with increasing institutional exposure to crypto through ETFs, is stabilizing Bitcoin’s price. “Bitcoin’s ability to maintain key support above $65K is a strong signal for bulls,” noted crypto strategist Lila Huang.
Meanwhile, altcoins are showing signs of life after weeks of lagging performance. Solana’s recent ecosystem upgrades and Avalanche’s new DeFi partnerships are fueling their respective rallies.
Looking Ahead: The market awaits further macroeconomic data later this week, which could influence short-term volatility. However, with halving-related momentum still in play and institutional inflows growing, the outlook remains cautiously optimistic.
