BTC, ETH soar to 10-day highs, crypto market gains $150 billion overnight (MarketWatch)

Bitcoin prices finally started to rise as US ETF inflows turned positive, with the cryptocurrency soaring to more than $71,000, its highest level in about 10 days.

Altcoins also turned green, with ETH nearing $3,700 and DOGE and SHIB up 7% each.

Bitcoin revival

Last week was a very toxic one for major cryptocurrencies, as they plummeted below $61,000 on Tuesday morning amid concerns about what the US central bank would do later in the day. BTC rose about 7 grand in one day after the Fed announced that it would not make any changes to monetary policy.

However, it didn't last long, and Bitcoin began to fall almost immediately. As a result, it fell to $62,500 on Friday, but recovered to $64,000 on Sunday. Things started to change on Monday, when BTC first rose to $67,000 and continued to rise.

In the early trading hours of the Asian session, the cryptocurrency soared to above $71,500 for the first time since March 15. This comes amid increased inflows into spot ETFs in the US.

Currently, BTC is trading around $71,000, up more than 6% on the day. The company's market capitalization once again reached $1.4 trillion, and its control over alternatives returned to 49.5%.

Ortho Sea Green Again

Ethereum has mimicked BTC’s performance in the past 24 hours. This means the largest altcoin is up more than 6% daily and is at a multi-day high above $3,650.

Dogecoin, Shiba Inu, Polkadot, and Chainlink also recorded similar gains. SOL, BNB, XRP, ADA, AVAX, and TON are also included in the green, albeit more modestly.

The largest increases from the top 100 alternatives were from Bonk (14%), ICP (13%), FET (12%), ALGO (11%), APT (10%), and PEPE (10%). Thing.

The cumulative market capitalization of all crypto assets has soared over $150 billion overnight and remains at over $2.8 trillion on CoinGecko.