Crypto Market Sees 0.9% Increase Amid Big Money Return to Bitcoin

The crypto market has seen an increase of about 0.9% in the last day, reaching $2.61 trillion, thanks to big money returning to Bitcoin.

Spot Bitcoin ETFs have pulled in roughly $1.918 billion over the week, and the price movement is closely tied to gold, with a 7-day correlation of around 94%. This suggests that investors are hedging against loose money and cheap dollars.

The Fear & Greed Index reads 78 out of 100, indicating solid greed territory, which means that whatever happens next could set the tone for the market's direction.