Bitcoin resumed its uptrend at the start of the week and reached new all-time highs above $106,000. Although some of the gains have already been erased due to weak sentiment in Asia and therefore Europe, the largest cryptocurrency remains above $104,000.
Net inflows into spot ETFs remain at high levels when it comes to the most popular cryptocurrency, although when it comes to Ethereum, Friday’s data did not inspire optimism, in due to marginal net inflows. This correlation can show that at this point in the cycle, it is bitcoin that has always held the upper hand when it comes to investor interest.
At the same time, Ethereum gains 1.32% and settles in the $4,000 region. Other cryptocurrencies are mostly losing value.
Net inflows remain stable. Source: XTB
Ethereum, meanwhile, did not interest as many investors at the end of last week. Source: XTB
Bitcoin has crossed new historic levels and thus confirms the medium-term upward trend, the main support zone of which is now the $95,000 region Source: xStation
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