Bitcoin, Ether, Solana & XRP Record Flash Gains As Bulls Target February Take Over ⋆ ZyCrypto
The post Bitcoin, Ether, Solana & XRP Record Flash Gains As Bulls Target February Take Over ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement     The crypto market recorded slight gains following increasing bull activity in the last 48 hours. Bitcoin (BTC), Ethereum (ETH), Solana, and XRP led a sharp turn as other altcoins struggled in the same period. In the last two weeks, the wider market has faced a couple of corrections, lowering sentiments. Total liquidations topped $10 billion as the market cap plunged below $3.5 trillion. BTC Inflows Spark New Gains Bitcoin price rebounded in the early trading hours, wiping off previous losses. These gains came from institutional inflows to prints as bulls tapped a $100K price amid fluctuations. The digital asset leader moved up 2.5% today with higher hourly trading numbers to spark a wider movement in the market. BTC sits at $96,129 at press time, sliding below $100K after an initial bullish effort. A key factor behind traders’ momentum was on-chain factors pointing north in the red wave. This sparked fresh funds to the market, especially from the institutional front. The last 48 hours show increased whale activity and fund flows from centralized exchanges. Asset movements off exchanges point to long-term holdings raising accumulations in the same timeframe. Last week, institutional investors poured $486 million into Bitcoin products while most altcoins struggled. CoinShares’ Weekly Fund Flow reports show increasing buying activity after intra-week lows sparked by macroeconomic factors. “However, intraweek flows reflected volatile investor sentiment, heavily influenced by broader market concerns, such as the DeepSeek news, which triggered $530m in outflows on Monday. Despite this initial sell-off, the market rebounded with over $1bn in inflows later in the week. Given the $44bn in inflows seen in 2024, US$5.3bn inflows year-to-date (YTD), and significant price gains, the current sell-off is not unexpected,” CoinShares wrote. Advertisement   ETH and XRP on Recovery Path Behind Bitcoin, the leading altcoins recorded growing…
Filed under: News - @ February 9, 2025 6:09 pm