Bitcoin rebounded to the $64,000 range. Analysts said improved sentiment toward cryptocurrencies followed gains in U.S. stocks.
On the 7th, according to CoinMarketCap, a global cryptocurrency market site, as of 8:30 a.m. that day bitcoin was trading at $64,066. That was up 0.61% from 24 hours earlier.
In the same period, Solana was up 0.55% at $82.05. However, XRP (Ripple) fell 1.00% to $1.14, and BNB was down 0.58% at $586.
Some analysts said the rebound in U.S. stocks had a positive effect on the cryptocurrency market. On the 6th (local time) on the New York Stock Exchange, the Dow rose 155.84 points, or 0.29%, from the previous session to finish trading at 53,055.91. It was a record high on a closing basis.
Heavy inflows into U.S. spot bitcoin ETFs (exchange-traded funds) also appeared to contribute to the rebound. According to CoinDesk, a cryptocurrency-focused media outlet, U.S.-listed spot bitcoin ETFs saw net inflows of $221.7 million (about 338.9 billion won). That was the largest amount in the past two months.