Bitcoin · Bitcoin ETF · Ethereum · Cointelegraph
Bitcoin, Ether extend relief rallies as extreme fear meets renewed ETF buying
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Bitcoin and Ether bounced off multi-year lows as dip buyers finally stepped in, and the spot BTC ETFs saw a $221 million inflow on July 2.
Key facts
- Bitcoin (BTC) rallied, $50 short of $63,000, on July 3, and Ether (ETH) outperformed the wider market, pushing to $1,775
- Highlighting the negative sentiment, the Crypto Fear & Greed index registered “Extreme Fear” at 11 out of 100
- Bitcoin and Ether bounced off multi-year lows as dip buyers finally stepped in, and the spot BTC ETFs saw a $221 million inflow on July 2
- That gap between the “Extreme Fear” reading and Friday’s bullish market activity is worth noting
Summary
Bitcoin (BTC) rallied, $50 short of $63,000, on July 3, and Ether (ETH) outperformed the wider market, pushing to $1,775. That gap between the “Extreme Fear” reading and Friday’s bullish market activity is worth noting. The leverage side of the crypto market looks more one-sided than the spot buying data alone would suggest. Bitcoin open interest, funding rate.