Bitcoin experienced a 0.5% price drop to approximately $110,582 despite a substantial $300 million inflow into Bitcoin ETFs, highlighting unexpected market dynamics. Ethereum, however, saw a 1.55% increase, reaching $4,382, suggesting a shift in investor sentiment towards altcoins. The overall cryptocurrency market capitalization stands strong at $4.04 trillion, with the Fear & Greed Index at a neutral 51.
The altcoin market is witnessing capital rotation as Bitcoin dominance declines, indicating a growing appetite for riskier assets. While major altcoins are trading sideways, this could suggest accumulation ahead of a potential breakout. The market remains in a neutral phase, with $225 million in liquidations, as traders anticipate the next significant move.
Altcoins Rise Amid Bitcoin ETF Inflows and Price Dip
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