Crypto Markets Regain Momentum as Institutional Inflows Surge – But Volatility Looms
Cryptocurrency markets rallied on Friday, buoyed by a surge in institutional interest and growing inflows into Bitcoin exchange-traded funds (ETFs).
This resurgence highlights a strengthening belief among institutional investors in Bitcoin’s long-term role as a legitimate asset class, despite ongoing warnings about potential short-term selling pressure.
According to CoinMarketCap, the total global crypto market capitalization reached $3.29 trillion, with 24-hour trading volume soaring to $82.95 billion, signaling a robust return of market activity.
Key crypto performances today:
Bitcoin (BTC) climbed 1.65% to $106,122, maintaining its dominance at nearly 64% of the total crypto market.Ethereum (ETH) rose 2.2%, reaching $2,561.02.Ripple (XRP) posted a slight gain of 0.3%, trading at $2.1723.The positive price momentum coincides with a broader trend of capital inflows into digital asset funds. However, a report by Matrixport, cited by Binance, cautioned that bearish pressures persist beneath the surface, warning of potential short-term volatility.
While institutional investments are injecting optimism into the crypto space, market dynamics remain fragile. Investors should brace for potential swings as uncertainty continues to shape the broader financial landscape.
