Bitcoin surged past $65,000 following positive inflation news, signaling renewed market optimism. This move was supported by a significant rebound in U.S. spot Bitcoin ETF inflows, which saw approximately $181 million on Tuesday after a substantial outflow the previous day. Ether ETFs also contributed positively, adding $58 million. The key takeaway is that macro tailwinds, particularly easing inflation, are quickly translating into capital inflows for crypto assets, overcoming recent selling pressure. Investors should monitor sustained ETF inflows and macro data for continued momentum.
Easing inflation data is directly fueling capital allocation into risk assets like Bitcoin and Ethereum. This indicates that macro sentiment remains a primary driver for institutional crypto flows, quickly absorbing temporary sell-offs and pushing prices higher.
This story reveals a market highly sensitive to macro economic data, where positive signals quickly translate into renewed institutional demand. This structure implies that crypto assets remain a preferred risk-on play, setting the stage for further upside if inflation continues to cool.
U.S. spot bitcoin ETFs took in about $181 million on Tuesday, a day after shedding roughly $425 million, per SoSoValue data. Ether ETFs added about $58 million.