Cryptocurrency prices are broadly edging higher on Thursday, led by Bitcoin’s (BTC) uptick near $80,000. Altcoins mirror Bitcoin’s short-term bullish outlook, with Ethereum (ETH) trading above $2,500 and Ripple (XRP) hovering above its key $1.40 support.

Crypto market sentiment improves as capital inflows extend

Appetite for digital asset investment products has continued to grow since early last week, aligning with improving market sentiment. According to the Fear & Greed Index, market sentiment holds in the Greed territory at 71 on Thursday, up from 65 the day before. This affirms the broader bullish outlook, as evidenced by steady capital inflows into spot Exchange-Traded Funds (ETFs).