Bitcoin (BTC) is trading around $107,230, down about 2.3% over the past 24 hours, after reaching $110,300 this morning and approaching a historical high of ~ $112,000.
Ethereum (ETH) at $2,753, down about 2.3% since yesterday, but still strong supported by institutional flows in options and exchange-traded funds.
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The main influencing factors
1. The weakness of the dollar and low inflation pressures
The DXY dollar index has fallen below 98 for the first time since 2022, which boosts risk appetite and helps gains in high-risk assets like crypto.
Inflation is around 2.4% despite expectations of rate cuts from the Fed starting in September.
2. Increasing institutional demand
Massive inflows into Bitcoin ETF funds, along with purchases by public companies like MicroStrategy – which owns 582,000 BTC – confirm the growing institutional confidence.
Despite the momentary drop, net flows from Ethereum indicate continued institutional focus on ETH.
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#GT #BTC #XRP #ETH #DOGE 🪙💸🎯💯🌐🚀💰📊🚨
📉 The current state of prices
Bitcoin (BTC) is trading around $107,230, down about 2.3% over the past 24 hours, after reaching $110,300 this morning and approaching a historical high of ~ $112,000.
Ethereum (ETH) at $2,753, down about 2.3% since yesterday, but still strong supported by institutional flows in options and exchange-traded funds.
---
The main influencing factors
1. The weakness of the dollar and low inflation pressures
The DXY dollar index has fallen below 98 for the first time since 2022, which boosts risk appetite and helps gains in high-risk assets like crypto.
Inflation is around 2.4% despite expectations of rate cuts from the Fed starting in September.
2. Increasing institutional demand
Massive inflows into Bitcoin ETF funds, along with purchases by public companies like MicroStrategy – which owns 582,000 BTC – confirm the growing institutional confidence.
Despite the momentary drop, net flows from Ethereum indicate continued institutional focus on ETH.