The crypto money market entered the recovery process after inflation data announced last week. Bitcoin 
$114,734.74 Ethereum gaining value for five days in a row 
$4,518.23It was a strong fund input. XRP and Solana also rise despite the postponement of the US Securities and Stock Exchange Commission (SEC) ETF decisions. The total value of the Altcoin market reached $ 1.73 trillion and has reached the highest level of the last 90 days.
Corporate entrances in Bitcoin and Ethereum gain strength
QCPAccording to the latest report, Bitcoin gained strength again after declining to $ 107,000 in September and stressed above this level. Spot Bitcoin ETFs showed the attention of corporate investors by pulling entrances on top of each other for five days. On the Ethereum side last week on Friday, the highest entrances of the last two weeks were recorded. Although SEC postponed his decision for the Staked Ethereum ETFs, this trend continued.
The price of XRP and Solana was also rising. Although Franklin Templeton’s decision process for ETF applications was postponed, positive expectations in the market came to the fore. QCP emphasized that Paul Atkins’s serving as the president of the SEC was on the market despite regulatory uncertainties.
Rise in the Altcoin Market
Altcoin marketThere was also a remarkable mobility. CoinMarketcap’s Altcoin season index rose to 72, while the total market value of Altcoins reached $ 1.73 trillion. QCP considers that if the price of Bitcoin moves towards $ 120,000, the flow of capital to Altcoins can accelerate.
Macroeconomic indicators are closely monitored. The permanence of inflation and the weakness in the employment market pose significant risks for the US Federal Bank’s approach to interest rates. For this reason, the direction of the crypto currency market continues to adhere to the future decisions for funding flows and existing ETFs and for the future ETFs.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
