Bitcoin (BTC) Demand Revival: Crypto Daybook Americas

Bitcoin has shown resilience, bouncing off early lows and positively influencing altcoins like Ether and Solana. A notable demand metric for Bitcoin recently surged to a three-month high, indicating an increase of 5,252 BTC, equivalent to about $549 million. This rise is supported by significant inflows into U.S.-listed Bitcoin spot ETFs, totaling $523 million. However, caution prevails among traders, with subdued funding rates for derivatives reflecting a lack of risk appetite. The ongoing U.S. government shutdown adds to market uncertainty, as economic data remains sparse. Meanwhile, gold and traditional market indicators showcase mixed signals, with increased volatility impacting cryptocurrencies. Overall, push and pull dynamics in the market highlight the shifting sentiment, although analysts observe potential catalysts hinting at a more stable phase ahead for Bitcoin and its counterparts in the coming days.

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