"Bitcoin paused on Wednesday after Tuesday's rally. The latter temporarily lifted prices above USD 96,000, the highest level in several months. Profit-taking fuelled today's pullback. Meanwhile, institutional support seems to be returning. Spot Bitcoin ETFs recorded USD 753 million in inflows on Tuesday, marking a second consecutive day of positive flows and the largest daily inflow since early October. Ethereum ETFs mirrored this improvement, attracting USD 130 million."
"Draft legislation unveiled by the Senate would establish a clearer regulatory framework for digital assets, defining when tokens fall under securities or commodities laws. The proposal reduces long-standing regulatory uncertainty and could improve institutional participation over time. At the same time, expectations around monetary policy could continue to provide support. Two additional interest rate cuts are expected later this year and could boost non-yielding assets such as Bitcoin."
Bitcoin paused after a rally that briefly lifted prices above USD 96,000, with profit-taking driving a near-term pullback. Institutional demand re-emerged as Spot Bitcoin ETFs recorded USD 753 million in inflows on Tuesday, marking a second consecutive day of positive flows and the largest daily inflow since early October; Ethereum ETFs drew USD 130 million. Renewed legislative progress in the US proposed clearer definitions of when tokens qualify as securities or commodities, reducing regulatory uncertainty and potentially boosting institutional participation over time. Anticipated two interest-rate cuts later this year could further support non-yielding assets, although upcoming PPI and jobs data may alter expectations.
Read at London Business News | Londonlovesbusiness.com
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