Inflows into crypto exchange-traded funds are a key driver of price performance, the asset manager said.
Price Analysis news
Bitcoin’s repeated failure to cross above $100,000 increases the risk of a drop under $90,000.
AI cryptocurrencies have dropped nearly 30% in value, but analysts forecast a potential recovery during the 2025 altcoin season.
Bitcoin needs to find support in the $90,000 to $85,000 range in order for altcoins to recover and find new buyers.
Futures open interest on XRP dropped by 54% in three weeks. Is XRP gearing up for another rally?
Ether ETFs surpassed $2.5B in inflows, signaling optimism despite a 10% price drop and resistance at $3,500. Institutions like VanEck predict a $6,000 cycle top for Ether price during 2025.
Bitcoin’s recovery shows solid buying at lower levels, increasing the possibility of a break above $100,000 in the short term.
Bitcoin’s recovery toward $100,000 could attract buyers to SUI, BGB, ENA, and VIRTUAL.
Bitcoin could see another week of correction before it manages to recover above $100,000, based on historical chart patterns.
A solid recovery in Bitcoin price is a hint that bulls have not given up on BTC and altcoins as they continue to buy dips below key support levels.