Bitcoin

Ethereum

<p><strong>Lower-than-expected inflation and strong Bitcoin gains are drawing some investors back to crypto, led by the US. Yet, worries over regulatory scrutiny are cooling interest in Ethereum, leading to outflows.</strong></p><h2 id="header-0">Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On <a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">www.ChikaMoji.lol</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/05/Chika-Moji-Airdrop.png?fit&#61;1920%2C1080&amp;ssl&#61;1" /></p><p>According to CoinShares, a prominent digital asset manager, crypto investment products have seen positive inflows for the second consecutive week, totaling $932 million. Bitcoin, often likened to “digital gold,” has been particularly popular, attracting a substantial $942 million amidst its climb to over $71,000 per coin in recent weeks.</p><h3 id="bullish-crypto-sentiment-boosted-by-us-cpi-report-and-market-developments">Bullish Crypto Sentiment Boosted by US CPI Report and Market Developments</h3><p>The recent US Consumer Price Index (CPI) <a href="https://cryptosheadlines.com/galaxy-digital-reports-134-million-profit-in-first-quarter-amid-strong-crypto-market-performance/" rel="noopener noreferrer nofollow">report has fueled bullish sentiment in the crypto market</a> by suggesting that the Federal Reserve may adopt a less aggressive approach to interest rate hikes. Historically, <a href="https://cryptosheadlines.com/fidelity-says-lower-fed-interest-rates-could-benefit-defi-and-stablecoins/" rel="noopener noreferrer nofollow">lower interest rates</a> are seen as beneficial for riskier assets such as Bitcoin.</p><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/05/cryptosheadlines5-4.webp?resize&#61;640%2C640&amp;ssl&#61;1" /></p><p>Source: CoinShares</p><p>The United States has solidified its position as a global hub for cryptocurrencies. The US ETF market, although relatively new in this arena, has taken the lead with <a href="https://cryptosheadlines.com/btc-breaks-30000-resistance-with-10-billion-inflow-new-bull-market-beginning/" rel="noopener noreferrer nofollow">inflows surpassing $1 billion</a>.</p><h2 id="header-1">Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On <a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">www.ChikaMoji.lol</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/05/Chika-Moji-Airdrop-1.png?fit&#61;1920%2C1080&amp;ssl&#61;1" /></p><p>Even Grayscale, a major crypto investment firm that had seen significant outflows totaling <a href="https://cryptosheadlines.com/sec-nearing-bitcoin-etf-approval-says-bloomberg-analyst/" rel="noopener noreferrer nofollow">nearly $17 billion since the launch of a Bitcoin ETF</a> in January, experienced a positive turn. It <a href="https://cryptosheadlines.com/solana-attracts-24-million-inflows-sets-records/" rel="noopener noreferrer nofollow">recorded its first minor inflow of $18 million</a>, indicating a potential shift in investor sentiment. Some investors may perceive the established <a href="https://cryptosheadlines.com/bitcoin-etf-fees-competition-grayscale-considers-split-vaneck-offers-zero-fees-until-2025/" rel="noopener noreferrer nofollow">Grayscale as a safer option compared to newer ETF offerings</a>.</p><p><a href="https://cryptosheadlines.com/kucoin-stops-naira-p2p-trading-due-to-compliance-reasons/" rel="noopener noreferrer nofollow">Also Read:   KuCoin Stops Naira P2P Trading Due to Compliance Reasons</a></p><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/05/cryptosheadlines6-1.webp?resize&#61;640%2C407&amp;ssl&#61;1" /></p><p>Source: <a href="https://blog.coinshares.com/volume-183-digital-asset-fund-flows-weekly-report-21f5ffa273a5" rel="noopener noreferrer nofollow">CoinShares</a></p><p></p><h3 id="market-dynamics-bitcoin-leads-ethereum-faces-regulatory-uncertainty">Market Dynamics: Bitcoin Leads, Ethereum Faces Regulatory Uncertainty</h3><p>While Bitcoin continues to dominate attention in the cryptocurrency market, other digital assets present a varied picture. Solana (SOL), Chainlink (LINK), and Cardano (ADA) — notable altcoins — each attracted modest inflows of nearly $5 million, $3.7 million, and almost $2 million, respectively.</p><p>In contrast, Ethereum, often hailed as the “king of altcoins,” is encountering challenges. Investment products linked to Ethereum saw an outflow of over $23 million, indicating negative sentiment among investors.</p><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/05/cryptosheadlines7-8.png?resize&#61;640%2C307&amp;ssl&#61;1" /></p><p>Bitcoin is now trading at $70.836. Chart: <a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow">TradingView</a></p><p>The uncertainty revolves around the upcoming decision by the US Securities and Exchange Commission (SEC) regarding a <a href="https://cryptosheadlines.com/crypto-analyst-presents-4-scenarios-indicating-ethereums-potential-to-surpass-bitcoin/" rel="noopener noreferrer nofollow">potential Ethereum</a> spot-based ETF. Regulatory ambiguity tends to unsettle investors, and the market awaits the SEC’s verdict anxiously.</p><h3 id="crypto-market-mixed-signals-amid-economic-factors">Crypto Market: Mixed Signals Amid Economic Factors</h3><p>Despite positive inflows into cryptocurrencies, a key indicator paints a nuanced picture. Trading volumes for the week were notably lower compared to March, when volumes peaked at $40 billion.</p><p>This suggests that investors are approaching the crypto market cautiously. While there is renewed interest, it appears to be tempered by concerns over market volatility.</p><p>The current landscape of cryptocurrencies reflects a complex interaction of economic data, investor sentiment, and <a href="https://cryptosheadlines.com/baby-doge-coin-defies-regulatory-challenges-surges-with-momentum/" rel="noopener noreferrer nofollow">regulatory challenges</a>. Bitcoin, buoyed by expectations of a less aggressive Federal Reserve, appears to be making gains. The US market maintains its leadership position, yet other regions are navigating their own challenges with varying degrees of success.</p><p><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.Bitcoin Inflows Spark ETF Rally; Price Tops $71000</p>

Bitcoin Inflows Spark ETF Rally; Price Tops $71000

Table of Contents

CryptosHeadlines.com

Other articles published on May 21, 2024

Unimantic Protocol Made $3 Million Dollars, Thanks to MEV Bots and Multiple Whale Transactions on...

Floki and Bonk could be affected by Raboo’s market entry

Dankard Feist, New Advisor Of EigenLayer After Justin Drake

Best Crypto to Buy Now Amid ETH ETF Gloom: Spotlight on BTC, RABT, and AVAX

SEC Demands Revisions to Ethereum ETF Proposals from Nasdaq and Cboe

Breaking: Grayscale Files Updated 19b-4 for Spot Ethereum ETF

Join our free newsletter for daily crypto updates!