Bitcoin News Today: Bitcoin Rebounds to $114,700 Amid ETF Outflows and Global Turbulence

Bitcoin and Ethereum showed signs of stabilization amid recent turbulence in the crypto market, following significant ETF outflows and global economic pressures. The crypto market opened the week with reduced volatility, with Bitcoin recovering to around $114,700 and Ethereum holding above $3,550. The selloffs were primarily driven by large-scale outflows from Bitcoin ETFs, which dropped nearly $1 billion within two days, pushing Bitcoin to a low of $114,000 before a slight rebound. Ethereum also saw a $152 million outflow, affecting its price and contributing to broader market instability [1].

Global economic uncertainty intensified the situation, with U.S. President Donald Trump’s new tariffs on Asia and Europe creating investor apprehension and affecting riskier assets like cryptocurrencies. However, institutional investors have played a crucial role in stabilizing the market by providing liquidity and mitigating sharp price swings. Augustine Fan of SignalPlus noted that the market would have experienced more severe price movements without institutional support [1].

Retail tokens such as XRP and Dogecoin provided a glimmer of relief, rising up to 5%, while altcoins like Cardano (ADA), Binance Coin (BNB), and Solana (SOL) also posted gains exceeding 3%. The absence of strong ETF demand, however, continues to pose challenges for broader market sentiment. Bitcoin remains below the key $118,000 breakout level, and Ethereum must surpass $3,500 to avoid further selloffs [1].

Regulatory measures by the U.S. Securities and Exchange Commission (SEC) have also aimed to reduce volatility. The SEC increased position limits for Bitcoin ETFs and approved in-kind creation and redemption of crypto ETFs, which are expected to enhance liquidity and improve market accessibility. These changes promote more controlled price movements and greater demand for spot Bitcoin. Greg Cipolaro of NYDIG suggested that lower volatility could attract more institutional capital into the market, as Bitcoin becomes more suitable for risk-parity strategies [1].

The market's ability to stabilize amid volatility is encouraging, with institutional support and regulatory adjustments providing a buffer against external economic shocks. While uncertainties remain, particularly with upcoming Federal Reserve decisions and the long-term effects of tariffs, the market appears to be entering a more structured phase. The next few months will be critical, as the crypto market continues to adapt to evolving regulatory and macroeconomic conditions [1].

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[1] https://thebitjournal.com/crypto-market-volatility-bitcoin-nears-115k/