In brief
- Bitcoin is up around 1.3% in the last 24 hours, reclaiming $115,000 while Ethereum has jumped 2.8% and is above $3,600.
- ETH ETFs regained inflows on Tuesday despite Bitcoin ETFs posting another day of outflows.
- Analysts seem unfazed by the market movement, noting that dips are expected in bull markets.
Crypto markets rebounded on Wednesday, led by gains for Bitcoin and Ethereum which reclaimed $115,000 and $3,600, respectively.
BTC recently gained 1.3% over the past 24 hours, while ETH has jumped 2.8% in that timeframe.
The second largest crypto asset’s rise comes after Ethereum ETFs snapped a streak of two consecutive days of outflows by bringing in more than $73 million on Tuesday, according to data from Farside Investors.
Bitcoin ETFs extended their streak of outflows, albeit with net outflows dropping to $196 million on Tuesday, compared to $333 million on Monday and $819 million on Friday.
Analysts remain…
