Ethereum Price Climbs Following Tariff U-Turn and Better Than Expected Inflation Report
The post Ethereum Price Climbs Following Tariff U-Turn and Better Than Expected Inflation Report appeared on BitcoinEthereumNews.com.
Ethereum has climbed 9% in the past 24 hours, following the Trump administration announcing plans to temporarily pause tariffs yesterday. It was also buoyed by Thursday morning’s better-than-expected U.S. inflation report—but ETF flows show that many investors are still retreating from cryptocurrency. At the time of writing, the Ethereum price has been sitting just above $1,500, after having fallen 0.4% in the past hour. Bitcoin, which has gained 6.1% in the past day, has fared better than the broader crypto market, which saw its market capitalization grow 4.2% since yesterday, according to CoinGecko data. Still, gains for the Bitcoin price havel lagged behind many of the most prominent altcoins. XRP is up 11.5% in the past 24 hours, while Dogecoin and Solana are up 6.7% and 8.4%, respectively. But despite Bitcoin’s strong performance, $127.2 million left Bitcoin ETFs yesterday, with BlackRock’s IBIT ETF, the industry’s largest, leading the pack with $89.7 million in withdrawals, according to data from Farside Investors. Only one fund, Bitwise’s BITB ETF, had a positive flow of capital, gaining $6.7 million. This marks the fifth consecutive day of outflows for Bitcoin ETFs. It would seem that institutional investors haven’t been swapped by the crypto market’s rebound following the U.S. tariff announcement. Capital has been flowing out of Bitcoin ETFs for seven of the past eight working days. Ethereum funds also showed net outflows yesterday, despite the cryptocurrency rebounding even more than Bitcoin with an 8.1% rise. Yesterday, $11.2 million left Ethereum ETFs. Investor sentiment for Bitcoin and Ethereum is bright Many investors are still betting on prices going higher. The vast majority—93%—of users on market prediction platform Myriad are betting on Bitcoin cracking $78,000 by 11:59 p.m. UTC on April 10. (Disclosure: Myriad is a prediction market and engagement platform developed by Dastan, parent company…
Filed under: News - @ April 10, 2025 2:20 pm