Crypto Market Rally Continues with Bitcoin Above $77K
The crypto market continues to rally, with Bitcoin holding above $77,000 after briefly approaching $80K. Ethereum has moved toward $2,500 and XRP has benefited from record ETF inflows and a powerful price recovery.
The recent short squeeze helped fuel the rally, but the weekend pullback triggered liquidations among leveraged long traders. Despite this, the market remains strongly higher than it was just days ago.
ETF demand is expected to play an important role in sustaining the recovery. Spot Bitcoin ETFs recorded approximately $1.6 billion in weekly net inflows, while Ethereum's performance is being supported by growing institutional interest.