Bitcoin Surge Fuels Institutional Inflows Amid Regulatory Expansion
The cryptocurrency market is experiencing a surge in risk appetite, driven by Bitcoin's 6% jump over the last 24 hours. Institutional inflows of $433.03 million on Friday are expected to surpass $600 million on Monday if BlackRock's IBIT fund posts an influx.
This positive trend has been fueled by the expansion of regulatory approaches following the CLARITY Act's failure, with US financial regulators granting the 'Innovation Exemption' for tokenized assets trading and proposing Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets.
BTC hovers around $85,696, maintaining a bullish near-term bias as price holds well above the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs) at $75,433, $72,609, and $73,580, respectively.
The AI tokens Bittensor (TAO) and Artificial Superintelligence Alliance (FET) have emerged as top performers over the last 24 hours. TAO trades above $300 on Tuesday, extending a strong bullish phase, while FET trades above $0.2000 on Tuesday, holding a clear bullish bias.