Crypto Market Sees Volatile Recovery Amid Global Risk Appetite Cautiousness

The global risk assets market has seen increased volatility due to the adjustment of technology stocks, energy market fluctuations, and changes in macroeconomic expectations. As a result, the crypto market is experiencing a volatile recovery trend.

According to a fund under Bitget, BTC rose by 1.1% this week, while ETH saw an increase of 4.4%, causing the ETH/BTC ratio to rise by 2.2%. The total cryptocurrency market capitalization also increased by 1.03%

The funding side has seen net inflows of $33.8 million in spot BTC ETFs for the week, the lowest level since their launch. However, spot ETH ETFs saw net inflows of $103.9 million during the same period.