Crypto Market Rallies Slow Amid Rising ETF Inflows

The cryptocurrency market continues to rise, with Bitcoin (BTC) trading at around $85,798, nearly 49% above its year low of $57,756. Ethereum (ETH) and Ripple (XRP) also remain in a robust bullish outlook, with ETH trading above $2,700 and XRP above $1.51.

A minor correction followed Monday's gains, suggesting increased profit-taking ahead of a potential continuation of the uptrend. The crypto Fear & Greed Index edged higher to 78 on Monday, up from 70 the previous day and 66 the day before, reinforcing the bullish outlook as market sentiment strengthens.

However, the index is still in Extreme Greed territory, suggesting that the crypto market's uptrend may be overextended. This could trigger a correction before the next major leg up.