Bitcoin is Back! The Shocking Crypto Comeback You Won’t Believe!

by

Oh, what a merry little dance the crypto market is doing this week! After a long nap, cryptocurrency investment products decided to wake up and strut their stuff, all thanks to a cheeky little surprise from the US inflation data. Investor confidence? Back in full swing! 💥

Crypto exchange-traded products (ETPs) had a lovely $921 million worth of inflows last week, utterly obliterating the $513 million that had slinked out the week before. CoinShares couldn’t contain their excitement, so they shared the news with us on Monday. 🤑

The secret ingredient behind this bullish frenzy? You guessed it-hope! Hope that the US Federal Reserve might just trim those pesky rates. James Butterfill, the head honcho of CoinShares’ research, said that the lower-than-expected CPI data on Friday gave investors the warm fuzzies. 😏

The Consumer Price Index, that little rascal, went up by just 0.3% in September, leaving the annual inflation rate at a very “let’s have a party” 3%. But, much to everyone’s surprise, that’s lower than expected! 🎉

James Butterfill, ever the master of cryptic wisdom, wrote that the “ongoing US government shutdown,” aka “who even knows what’s happening with the US economy?” made investors feel a bit lost. But, fear not! The CPI data has given them a shiny new toy to play with-the anticipation of further rate cuts. 💸

Bitcoin Stuns the World; Ether Takes a Dive (Oops!)

Hold your horses, folks! Bitcoin (BTC) was, just a week ago, the villain of the piece, leading a mass exodus of funds. But this week? It made a glorious comeback, with $931 million flowing back into its coffers. Take that, outflows! 🏆

Meanwhile, Ether (ETH), which had been riding high for weeks, decided it was time to take a break. It saw outflows of $169 million for the first time in five weeks. Guess someone forgot to bring the party snacks! 😬

Now, the altcoins! Solana (SOL) and XRP (XRP) were trying to make a big splash with some inflows, but they were clearly not feeling it last week. Solana’s inflows dropped a whopping 81%! Ouch, that’s gotta sting! Meanwhile, XRP brought in $84.3 million-still something to brag about, but let’s face it, not quite the fireworks we were hoping for. 🎇

Bitcoin’s magical $931 million inflow last week brings the total since the US Federal Reserve started playing with rates in September to a hefty $9.4 billion. That’s a whole lot of zeros! 🤑

But here’s the kicker-despite all this glorious money flowing in, Bitcoin’s total year-to-date total stands at a modest $30.2 billion, which is still 38% less than the $41.6 billion it saw last year. Talk about a fall from grace! 😅

And as for the grand total? Crypto funds now manage a cool $229 billion, with $48.9 billion of that coming in just this year. That’s a whole lot of coins in play! 💰

Read More

2025-10-27 14:48