Crypto Price Prediction: After nearly two weeks of stagnant behavior, the cryptocurrency market resumes a recovery trend, led by the Bitcoin price rally. BTC rose for four consecutive days recording 8.6% as the price surged from $43000 to the current trading price of $43900.
The release of build-up bullish momentum coincides with the increasing inflow of Spot ETFs, indicating the rising demand for the underlying asset BTC. On February 8th, spot Bitcoin ETFs saw their third-largest inflow, amounting to $403 million. Since the launch, the cumulative inflow into spot Bitcoin ETFs has surpassed $2.1 billion.
#Crypto markets are recovering well after the post-#ETF drop 4 weeks ago. #Bitcoin, in particular, has completed its comeback, reaching $46.3K for the first time since January 11th. $BTC social volume is rising, while the crowd shows less interest in $ETH, $DOGE, and $XMR. pic.twitter.com/rcaxdBwCfX
— Santiment (@santimentfeed) February 9, 2024
Recent data from Santiment reveals
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