Crypto Price Prediction 4/5: Surge in ETF Investments Sparks Bitcoin Recovery
The cryptocurrency market is experiencing a resurgence in investor interest, following a reversal in Bitcoin’s price from $56,500. This bullish momentum has propelled Bitcoin’s price to $63,169, representing a 6% surge since yesterday. Additionally, other popular cryptocurrencies have also witnessed significant gains, with Ethereum (ETH) and Solana (SOL) increasing by 4% in the past 24 hours. Notably, Toncoin (TON) and Avalanche (AVAX) have seen jumps of 5-7% in their respective prices, while meme coins Dogecoin and Shiba Inu have posted impressive double-digit gains. This recovery can be attributed to the record inflows into ETFs (Exchange-Traded Funds), indicating growing acceptance and interest in cryptocurrencies among institutional investors.