The cryptocurrencies They operate with relative calm this Wednesday, after weeks marked by a strong bullish impulse. He Bitcoin (BTC), main market asset, barely shows variations and is sustained around US $ 118,000, according to Binance. Meanwhile, the Ethereum (ETH) falls 0.68% Au $ S3.2600.
Among the main onesS Altcoins yield up to 3.4%headed by Dogecoin, Hyperliquid (-2.4%) and Avalanche (-2%).
According to analysts in the sectorThis apparent pause in the rally does not generate concern. On the contrary, they consider it a healthy benefit to recent rises, which led Bitcoin to mark a new historical maximum and eth a reach its highest level since the end of 2024.
This process is especially reflected in the behavior of the quoted funds (ETF) linked to cryptoactive. Cash Bitcoin ETF accumulates two consecutive days of net exits, after twelve days in a row for more than 6,600 million dollars. However, the outputs of the last 48 hours have been lower than any input flow registered since July 9.
For Vincent Liu, Investment Director of Kronos Research, these outputs reflect an “measured institutional reconfiguration.” “It is not panic, but repositioning: a natural pause after a pronounced ascent,” the expert explained Cointelegraph.
Meanwhile, the ETF from Ether al Caéto continue to add positive flowswith thirteen consecutive days of net tickets. According to Coinshares data, cryptocurrency investment products recorded their best historical performance last week, with revenues for US $ 4,390 million, exceeding the previous record of US $ 4,270 million reached after the US elections of December 2024.
Institutional interest in ETFs is renewed
In this context, analysts agree that institutional interest continues to increase. This contributes several factors: on the one hand, the recent approval of laws favorable to crypto ecosystem in the United States; On the other, the decisions of large companies, such as Trump Media, which have begun to incorporate cryptocurrencies into their balances.
In addition, traditional bank also begins to give opening signs. Financial Times revealed this week that JP Morgan Chase evaluates offering loans supported by cryptocurrencies such as Bitcoin and Ethereum. It would be a significant turn in the bank’s position against digital assets, considering that their CEO, Jamie Dimon, described them as “fraud” in 2017. However, more recently, Dimon himself declared: “I defend your right to buy Bitcoin. Go ahead.”
Finally, the crypto market is underpinned by the expectations of a change in the monetary policy of the Federal Reserve. The latest macroeconomic indicators reinforce the idea of a possible low rate in September, which has historically favored risk assets, including digital.
Source: Ambito
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