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Cryptocurrency markets are buzzing on Thursday, with Bitcoin holding steady at $118,612.16 (-0.49%) and Ether climbing 3.61% to $3,397.60, driven by record-breaking ETF inflows. As institutional interest grows, the question looms—can this rally sustain, or will volatility strike?
ETF Inflows Fuel Market Rally
Ether ETFs smashed records with a staggering $727 million in single-day inflows, the highest ever, led by a $499.25 million surge into one major fund. Fidelity’s offering added $113.31 million, while others like Grayscale and Bitwise chipped in, pushing trading volume to $2.59 billion and net assets to $16.41 billion. Bitcoin ETFs followed suit, marking a 10-day inflow streak with $799.40 million, dominated by a $763.89 million haul from another key player. This institutional buying signals a shift toward conviction in crypto markets.
Price Movements Reflect Mixed Trends
Bitcoin dips slightly, reflecting cautious sentiment, while XRP jumps 8.68% to $3.25, and TRON rises 4.00% to $0.32. Dogecoin edges up 2.22% to $0.21, and Solana holds at $172.62 (0.36%). Smaller coins like Worldcoin fall 3.33% to $1.08, and Pepe drops 1.26% to $0.000013, showing uneven gains. Ether’s 3.61% rise highlights its ETF-driven strength, with net assets for Bitcoin ETFs reaching $153.76 billion amid $5.09 billion in trading volume.
Regulatory Winds Shift
US lawmakers narrowly advanced a stablecoin oversight bill and crypto market rules, though a procedural vote stalled progress. The move, paired with a ban on direct central bank digital currencies, stirs bullish sentiment, though political hurdles persist, impacting market confidence.
What’s Next for Crypto?
The rally hinges on sustained ETF inflows and regulatory clarity. A breakout could push Bitcoin past $120,000, but a regulatory setback or profit-taking might trigger a pullback. Markets teeter—will the bullish trend hold, or will uncertainty cap gains?
