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Crypto

AI Summary

  • Bitcoin ETF inflows have surged to over $1.8 billion, indicating a rebound in investor interest despite total assets under management still being 24% below previous highs.
  • Bitcoin's price recently breached the $95,000 mark amidst a market-wide recovery, although concerns remain over the delay in U.S. regulatory actions, particularly regarding the CLARITY Act.
  • Ethereum's recent momentum is bolstered by a notable increase in ETF inflows, with hopes that strong network metrics could push its price toward $4,500 in the near future.
  • The regulatory landscape continues to evolve, with the U.S. Senate’s critical crypto bill facing delays that have raised concerns in the industry, leading some institutions to re-evaluate their crypto allocations.
  • Amidshifting sentiment and speculative trading, the market's overall composure is challenged by regulatory uncertainties, while new opportunities are unfolding with innovative products and institutional interest in decentralized finance (DeFi) applications.

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