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Bitcoin's price fluctuated around $93,000 following a stronger-than-expected U.S. jobs report, which raised inflation concerns and diminished hopes for imminent interest rate cuts. The labor market's strength, with 256,000 jobs added in December, has led to increased volatility in crypto markets, reflecting a tighter correlation with traditional assets amid shifting economic policies.
Ethereum ETFs experienced a significant inflow of $151 million, continuing a 16-day positive streak, while Bitcoin ETFs added $494 million. Analysts speculate that a potential Trump administration could boost demand for staking in Ethereum ETFs, contributing to institutional interest. Despite recent inflows, both Ethereum and Bitcoin saw a 3% price drop, with ETH trading at $3,835.
XRP's price surged 21% over the past week and 13% in the last 24 hours, reaching $2.69, coinciding with the launch of Ripple's RLUSD stablecoin. Analysts predict further growth, with expectations of XRP hitting new highs as regulatory challenges fade and interest in XRP ETFs rises. Ripple's legal chief believes the SEC's appeal will ultimately benefit the crypto industry.
Jake Ostrovskis
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
bitcoin price fluctuates amid rising inflation concerns and strong job growth
16:35 10.01.2025
ethereum etfs see record inflows amid regulatory optimism and institutional demand
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