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Bitcoin and Ethereum Rise Despite ETF Outflows

BTC and ETH show gains despite $390M ETF outflows as market eyes U.S. jobs data.

  • BTC and ETH post gains despite ETF outflows
  • Market remains sensitive to U.S. economic data
  • Altcoins see modest 1–2% increases

Despite a combined $390 million in ETF outflows, Bitcoin (BTC) and Ethereum (ETH) have managed to post gains, signaling strong investor confidence. As the crypto market awaits Friday’s U.S. jobs report, major tokens are showing resilience amid macroeconomic uncertainty.

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BTC rose by 2.19%, now trading at $112,930, while ETH edged up 0.80%, reaching $4,410. The broader crypto market cap stands at $4.11 trillion, showing healthy activity despite external headwinds.

U.S. Jobs Data Looms Large Over Market Sentiment

The market remains tightly tied to macroeconomic indicators, with this Friday’s U.S. non-farm payrolls and unemployment rate data being closely watched. These figures could impact Federal Reserve policy decisions, which in turn influence investor appetite across risk assets like crypto.

The Fear and Greed Index (FGI) has moved to 48, indicating a neutral sentiment. Traders are holding off on aggressive positioning until there’s more clarity on interest rates and employment trends.

Altcoins See Modest Gains as Liquidations Mount

While BTC and ETH led the charge, most altcoins followed with 1–2% gains. However, the market also saw $264 million in liquidations, highlighting ongoing volatility.

Despite the ETF outflows—$223M from BTC and $167M from ETH—price action remains positive. This divergence suggests that retail and institutional investors may be holding strong or reallocating funds rather than exiting entirely.

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Disclaimer: The content on CoinoMedia is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments carry risks, and readers should conduct their own research before making any decisions. CoinoMedia is not responsible for any losses or actions taken based on the information provided.

Aurelien Sage

Aurelien Sage is a blockchain enthusiast and writer, crafting insightful articles on decentralized technologies, Web3, and the future of finance. His work simplifies complex concepts, empowering readers to navigate the evolving crypto landscape with confidence.

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