MORNING MARKET UPDATE | $BTC HOLDS ABOVE $80K
Good morning, traders.
Crypto is starting the day with stronger momentum after a sharp rebound across the market. Bitcoin is holding above the $80,000 area, while $ETH Ethereum is trading around the $2,600 zone, with risk appetite improving across several altcoin sectors. (The Economic Times)
One of the biggest positives is the return of institutional demand. Spot Bitcoin ETFs recorded roughly $160M in inflows on Thursday, reversing two days of net outflows and helping sentiment recover. (The Wall Street Journal)
The macro backdrop is still mixed. The Fed has raised rates by 25 bps to 3.75%–4.00%, while Treasury yields remain elevated. Even so, crypto has absorbed the move better than many traders expected. (Reuters)
👀 What I’m watching today
• BTC holding the $80K area
• ETH maintaining momentum above $2.6K
• continuation in Layer 1, DeFi and high-beta altcoins
• whether volume stays strong through the weekend
⚠️ Weekend liquidity can create sharp reversals, so I’m avoiding overexposure and waiting for confirmation before chasing momentum.
Are you trading the continuation today, or waiting for a pullback?
#EthereumReclaims$2600
Good morning, traders.
Crypto is starting the day with stronger momentum after a sharp rebound across the market. Bitcoin is holding above the $80,000 area, while $ETH Ethereum is trading around the $2,600 zone, with risk appetite improving across several altcoin sectors. (The Economic Times)
One of the biggest positives is the return of institutional demand. Spot Bitcoin ETFs recorded roughly $160M in inflows on Thursday, reversing two days of net outflows and helping sentiment recover. (The Wall Street Journal)
The macro backdrop is still mixed. The Fed has raised rates by 25 bps to 3.75%–4.00%, while Treasury yields remain elevated. Even so, crypto has absorbed the move better than many traders expected. (Reuters)
👀 What I’m watching today
• BTC holding the $80K area
• ETH maintaining momentum above $2.6K
• continuation in Layer 1, DeFi and high-beta altcoins
• whether volume stays strong through the weekend
⚠️ Weekend liquidity can create sharp reversals, so I’m avoiding overexposure and waiting for confirmation before chasing momentum.
Are you trading the continuation today, or waiting for a pullback?
#EthereumReclaims$2600
