Ethereum has surged by 9% in the last 24 hours in response to the Trump administration's announcement of a tariff pause, paired with a better-than-expected U.S. inflation report. As of now, Ethereum is trading above $1,500 while Bitcoin also enjoyed a 6.1% rise, contributing to a broader 4.2% increase in the crypto market's overall capitalization. However, ETF data shows significant withdrawals from cryptocurrency investments, especially from Bitcoin ETFs, with BlackRock's ETF leading the outflows. Despite cryptocurrency investors being optimistic, with a prediction of Bitcoin potentially reaching $78,000, the crypto sentiment remains cautious as institutional investors withdraw capital. Additionally, the Crypto Fear & Greed Index fell to “Fear” from “Extreme Fear,” suggesting a shift in market sentiment following the tariff announcement and the appointment of Paul Atkins as the new SEC leader, hinting at potential regulatory changes favoring cryptocurrencies.

Source 🔗