The cryptocurrency market shows early signs of recovery after weeks of consolidation, as demand for spot crypto-focused Exchange Traded Funds (ETFs) in the US market rises despite the ongoing war with Iran. Data show a significant increase in institutional and retail demand for crypto in the US, signaling a renewed risk-on sentiment. US President Donald Trump further pressed on Wednesday the need to be dominant in the crypto market.

ETFs inflows support crypto market recovery 

The US Stock market closed in the green on Wednesday, and Bitcoin (BTC) holds above $72,000 at press time on Thursday, signaling optimism for US equities and crypto despite the US-Iran war.  

An increase in institutional demand is supporting the crypto market’s…