Bitcoin is currently stable below USD 115,000, fluctuating between USD 112,000 and USD 115,500. There is potential for volatility due to decreased demand for risk assets amidst a weakening economic outlook and significant outflows from BTC ETFs. However, these outflows are starting to slow, and a return of inflows may positively influence the market. The U.S. SEC has clarified regulations on liquid staking, which has led to renewed interest in Ethereum-based ETFs, contributing to positive inflows. Economic indicators, especially job market data, remain critical for assessing future market sentiment and expectations on US monetary policy.
Bitcoin's price remained stable, fluctuating between USD 112,000 and USD 115,500, showing signs of potential volatility amid a weakening economic outlook.
Concerns over economic indicators have led to decreased demand for risk assets, causing significant outflows from Bitcoin ETFs, although inflows appear to be returning.
The U.S. SEC clarified that certain staking arrangements do not involve the sale of securities, reviving interest in Ethereum-based ETFs and boosting inflows.
Economic data, particularly regarding the job market, will inform investor sentiment and potentially influence expectations around US monetary policy.
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