The cryptocurrency market is showing signs of recovery from a phase of extreme fear, with the total market capitalization reaching $3.09 trillion. Bitcoin (BTC) accounts for 58.5% of this, valued at $1.8 trillion. Despite recent declines, including a 0.78% drop in BTC over the past week, US spot ETFs have seen significant inflows, with Bitcoin ETFs attracting $70.5 million and Ethereum ETFs $312 million.
Market sentiment is gradually improving, with the Fear & Greed Index rising to 27, indicating a shift from extreme panic. Notably, prominent investor "Wood Sister" is buying the dip in crypto-related stocks like Coinbase and Circle. Meanwhile, the Federal Reserve's upcoming interest rate decision on December 10th is highly anticipated, with an 82.8% probability of a rate cut, which could enhance liquidity and boost risk assets.
In other developments, Ethereum is set for the Fusaka upgrade on December 4th, and Solana's price remains under pressure following a hack at the South Korean exchange Upbit. However, recent net inflows into US spot ETFs have provided some support for SOL.
Crypto Market Sees Recovery Amid Fear, US Spot ETFs Attract Inflows
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