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Why is the crypto market up today? (March 16)

Why is the crypto market up today? (March 16)

The crypto market rose 3.5% to $2.6 trillion on Monday, March 16, as investors returned to risk assets after rotating from traditional hedges. 

Summary

  • The crypto market rallied as Bitcoin surpassed the $74K resistance as investors rotated away from traditional safe-haven assets.
  • Demand for crypto ETFs returned with $1.34 billion in inflows into spot Bitcoin ETFs and nearly $180 million in inflows into Ether-linked funds this month.
  • The Crypto Fear and Greed Index has moved back to neutral levels.

Bitcoin (BTC), the world’s leading crypto asset, rallied 4% to break above the $74,000 resistance level for the first time in over five weeks, while Ethereum (ETH) was…

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