News Explorer — Bitcoin, Ethereum Regain Lost Ground as ETF Inflows Slow

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Jul 26, 6:03 am

Decrypt

Bitcoin, Ethereum Regain Lost Ground as ETF Inflows Slow

Despite experiencing significant losses earlier in the week, the crypto market has rebounded, with Bitcoin rising 4.5% to nearly $67,000 and Ethereum gaining 2.1% to $3,250. This recovery comes as investors show interest in newly listed Ethereum exchange-traded funds and as onchain analytics platform Glassnode notes a revival in Bitcoin's value. Additionally, investment management firm VanEck projects that Bitcoin could reach a price of $2.9 million by 2050, driven by its adoption as a global medium of exchange and reserve asset.

Despite experiencing significant losses earlier in the week, the crypto market has rebounded, with Bitcoin rising 4.5% to nearly $67,000 and Ethereum gaining 2.1% to $3,250. This recovery comes as investors show interest in newly listed Ethereum exchange-traded funds and as onchain analytics platform Glassnode notes a revival in Bitcoin's value. Additionally, investment management firm VanEck projects that Bitcoin could reach a price of $2.9 million by 2050, driven by its adoption as a global medium of exchange and reserve asset.

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