Crypto Prices Surge as Investor Sentiment Strengthens and ETF Inflows Continue

Crypto prices surged on Thursday, August 27, as investor sentiment strengthened and ETF inflows continued to support digital assets.

The Fear & Greed Index climbed from 65 to 81, indicating a shift towards greed in the market. This improvement coincided with ongoing demand for cryptocurrency investment products following last week's strong market rally.

BTC was up about 14% on the week and XRP around 28% higher over the same period, while Solana price gained 20%, moving it nearly 10% each day.

The SEC took a step towards regulation by submitting proposed amendments to its custody rules for White House review on Aug. 25. This move would enable investment advisers to evaluate how they should custody and secure their clients' cryptocurrencies.