Currently, Bitcoin is trading at 106,974 USD, down 0.9% from yesterday, while Ethereum is at 2,460 USD, a decline of 0.8%. Around 90 out of the top 100 cryptocurrencies also exhibit price decreases.
The Fear and Greed Index stands at 50, indicating neutral market sentiment. Analysts suggest Bitcoin is in a consolidation phase and foresee challenges due to the historically weak quarter ahead.
Despite price drops, U.S. Bitcoin spot ETFs have seen positive inflows for 15 consecutive days, reflecting institutional confidence. Experts state that a strong catalyst is needed for Bitcoin to retake all-time highs.
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