Bitcoin Rebounds to $77,890 Amid Positive News for ARB and Pons
Bitcoin's price rebounded to $77,890 on Thursday, driven by positive developments related to Pons and Arbitrum. Despite consecutive days of net outflows from spot ETFs, crypto assets demonstrated resilience amid volatility in traditional markets. ARB led gains, supported by strong fundamentals tied to its revenue-generating partnership with Robinhood.
The divergence between safe-haven assets like gold and riskier ones like Bitcoin became more pronounced on Thursday. Gold rose 0.97% to $4,434, while silver increased 0.88% to $65.94. Meanwhile, the US Dollar Index fell 0.32% to 99.259.
Spot Bitcoin ETFs saw net outflows of $9.3 million on Thursday, a day after similar outflows worth $239 million. Despite this, data compiled by Woofun AI suggests an overall positive trend in cryptocurrency sentiment, with the index standing at 35/100.