Why Is the Crypto Market Up Today?

The cryptocurrency market is showing signs of recovery, with the total market cap climbing $12 billion to $3.66 trillion—a modest 0.33% gain despite lingering volatility from U.S.-China trade tensions. Bitcoin and altcoins are leading the charge, fueled by institutional inflows and positive macro signals, highlighting resilience in decentralized finance (DeFi)'s $150 billion+ TVL ecosystem.

ETF Inflows and Institutional Confidence

Spot Bitcoin ETFs recorded $477 million in net inflows yesterday, ending four days of outflows, per Farside data. This surge, led by BlackRock’s IBIT, signals 67% institutional optimism per Coinbase reports, viewing the market as a “late-stage bull.” Ethereum ETFs followed with $141.6 million, reflecting confidence in ETH’s Layer-2 expansions like Fusaka, which slashes fees by 8x.

  • BTC Inflow Leaders: BlackRock IBIT ($250M); total $618M with ETH.
  • Market Cap: $3.66T (+0.33%); BTC dominance 55%.
  • Drivers: 97% October rate cut odds.

Technical Analysis: $108K Support Holds

Bitcoin tests $108,000 support, with RSI at 55 and MACD golden cross indicating upside potential. Volume at $50 billion+ confirms demand; $110,000 resistance is key for $115,000 targets. Ethereum at $4,060 holds $3,800 support, with $4,000 resistance in sight.

Recent Developments: Senate Discussions and Global News

U.S. Senate delegations met crypto leaders to discuss market structure reforms, with Republicans supportive despite Democratic skepticism. Argentina’s LIBRA scandal escalates, with a plaintiff requesting arrests of associates tied to President Milei’s token launch.

2025 Outlook: $130K-$200K BTC Consensus

Analysts forecast BTC at $130K-$200K by year-end. Changelly sees $123,849 in October; CoinDCX $131,500. VanEck targets $180K-$200K on ETF growth. For ETH, Changelly forecasts $4,297 average; Finder $6,100.

For users, how to buy Bitcoin via compliant exchanges ensures secure entry. How to sell Bitcoin and how to cash out Bitcoin offer liquidity. Sell Bitcoin for cash and convert Bitcoin to cash enable fiat conversions.

In summary, today’s crypto uptick blends ETF inflows with altcoin momentum, hinting at resilience in finance’s revolution.

BTC-0.44%
ETH0.03%
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