Bitcoin holds $78K support despite inflation data; Ethereum attracts $197M in inflows while Bitcoin sees $462.7M outflows.
Macro & Markets ·
Bitcoin briefly fell to $76,700 following inflation data but recovered near $78,000, suggesting markets have largely absorbed the prospect of a rate hike. The asset is trading above a support zone between $75,000 and $76,000, with resistance at $80,000 to $82,000. In contrast, Ethereum attracted nearly $197 million in net inflows during the week, while Bitcoin spot ETFs recorded $462.7 million in outflows—though Friday's outflow slowed to $13.2 million compared with Thursday's $282.7 million.
The divergence in capital flows reflects differentiated positioning between the two assets. Bitcoin's volatility remains relatively low, with puts moderately more expensive than calls, indicating traders are maintaining hedges rather than taking strong directional bets. Ethereum faces resistance at $2,500 to $2,550 with support at $2,400 to $2,425, while Bitcoin's resilience against sharper declines in technology and semiconductor stocks is described as a constructive signal.
Several unknowns could shift momentum: a prolonged disruption to oil supplies following regional tensions, spillover from weakness in artificial intelligence equities, and the outcome of upcoming Senate procedural votes on cryptocurrency regulatory clarity. Whether institutional inflows will accelerate depends partly on whether these regulatory developments reduce uncertainty.