Bitcoin bounces even as ETF outflows mount 

Bitcoin has rebounded to the $42,000 range despite outflows from ETFs. Despite a week of disappointing trading, Bitcoin saw an 8% recovery since its low on Tuesday. Ether also experienced a recovery, trading around 2% higher on Friday. Analysts are cautiously optimistic that the outflows from bitcoin ETFs may be easing, although these outflows continue to grow. On Thursday, spot bitcoin ETF net outflows reached a new high of $158 million. However, it is important to note that while flows matter, they are not the main driver of the BTC price. In economic news, the Personal Consumer Expenditures (PCE) price index data released on Friday showed a 0.2% increase in December and a 2.9% increase year-over-year, indicating that while inflation remains elevated, it is trending lower. Despite this positive data, traders remained skeptical, with the S&P 500 trading sideways and the Nasdaq Composite losing around 0.4%. Nonetheless, minimal yield moves on Thursday and Friday were seen as a positive sign and are expected to support gains in stocks.