Crypto Surges Over Holiday Weekend as ETF Flows Flip
Crypto prices surged over the holiday weekend as ETF flows turned positive for the first time in weeks, while Trump defended his crypto earnings and multiple on-chain signals suggested a market bottom may be forming.
Crypto prices surged over the holiday weekend, driven by a shift in ETF flows and a rare alignment of on-chain signals that traders interpret as a potential market bottom.
ETF flows finally turned positive after weeks of outflows, marking a significant reversal in institutional sentiment. The shift comes as Bitcoin and other major cryptocurrencies posted strong gains, with the total crypto market capitalization adding billions. Meanwhile, former President Donald Trump defended his billion-dollar crypto payday, adding a political dimension to the rally. On-chain data showed a rare set of signals — including declining exchange reserves and rising whale accumulation — that historically have preceded price recoveries. Traders can track these moves live on NowPrice's crypto dashboard.
The sustainability of the rally will depend on whether ETF inflows continue and whether the on-chain signals prove reliable. Key levels to watch include Bitcoin's resistance near $70,000 and support at $60,000. The upcoming CPI data release and Fed commentary could also influence risk appetite in the coming week.