Crypto Rally Stalls as Market Awaits Key US Inflation Data
Ethereum is holding steady at the top at nearly $4300, indicating an optimistic mood among bulls: they are taking a wait-and-see approach rather than rushing to lock in profits after the rally. It seems the market is seriously set on moving towards historic highs at $4800, and is looking for a suitable reason to do so.
Crypto News
According to CoinShares, global investment in crypto funds rose by $578 million last week, more than doubling the outflow a week earlier. Investments in Bitcoin increased by $265 million, Ethereum by $270 million, Solana by $22 million, XRP by $18 million, and Near by $10 million. Investments in Sui decreased by $3 million.
Strategy additionally purchased 155 BTC last week at an average price of $116,401 per…
