The market opened the weekend with a slight red tint across the board. BTC is trading around $79,668.88, down 2.14% after rebounding strongly to $81,000 thanks to $731 million of Bitcoin ETF inflows on 3/9. Ethereum is also down 2.37%, at $2,455.27. Market breadth is quite weak, with only 37% of the top 100 coins in the green.
Looking at the session, Bitcoin ETF flows showed unpredictable signs of "reversing course," with a $236 million outflow on 1/9 before the sharp rebound. The bright spots are $MARSCOIN up 70.14%, and DASH up 36.48% — partly thanks to news of a Zcash ETF reigniting the privacy coin camp. On the other hand, HEMI was left behind with a 13.36% drop. Total volume among the top 100 reached $5,001,374,733, reflecting cautious sentiment.
Today, traders should closely watch comments from the Fed, as the chance of a September rate hike is currently 50/50 after Governor Waller's remarks. The CPI data released on 11/9 will determine the trend more clearly.
Looking at the session, Bitcoin ETF flows showed unpredictable signs of "reversing course," with a $236 million outflow on 1/9 before the sharp rebound. The bright spots are $MARSCOIN up 70.14%, and DASH up 36.48% — partly thanks to news of a Zcash ETF reigniting the privacy coin camp. On the other hand, HEMI was left behind with a 13.36% drop. Total volume among the top 100 reached $5,001,374,733, reflecting cautious sentiment.
Today, traders should closely watch comments from the Fed, as the chance of a September rate hike is currently 50/50 after Governor Waller's remarks. The CPI data released on 11/9 will determine the trend more clearly.
