About twenty days ago, cryptographic markets were also in difficulty because there were significant outings of Bitcoin and Etherum.
This situation continued until April 11, when the BTC price was still less than $ 80,000, but the trend has changed.
Bitcoin ETF entries
Monday April 14 was actually a day with little movements, but Tuesday April 15, the trend changed, with more than $ 76 million in Total daily entries on Bitcoin FNB spot.
To tell the truth, on Wednesday 16 there were still outings of almost $ 170 millionBut since then, every day until yesterday, there were clear overall entries.
On the other hand, Monday 14 on Monday 14, the BTC price could not settle above $ 85,000, so much so that on Wednesday 16, it fell below $ 84,000. But already the next day, he had returned to $ 85,000, and in fact, he stayed there throughout the weekend.
Clear and strong change in trend was observed from Monday 21, when almost $ 390 million in total net extensions were recorded. In fact, that day, the Bitcoin price had exceeded $ 86,000.
The daily record for April was reached on Tuesday 22, when more than $ 900 million in positive net entries were exceeded. This is not an absolute file, but it is an important amount, especially compared to those of the beginning of the month.
In fact, that day, the price of the BTC returned above $ 90,000, and for the moment it has stayed there, even if the following days, it tried to reach up to $ 96,000 but without succeeding.
There has not only been out since Wednesday April 16, but from Monday April 21, total net entries never fell below $ 380 million.
Ethers entries Ethereum
For Ethereum instead, the situation is less clear.
On the other hand, it's been months now that The price of the ETH is in difficultyMuch more than that of Bitcoin.
First of all, the negative trend concerning the outputs of global daily net on ETH ETFF SPOT ended only on Thursday 17, while Bitcoin One ended two days earlier.
In addition, on April 21 and 25, there were net outings on ETF Ethereum, while these days, the FNB Bitcoin knew strong entrances.
Finally, last week's positive sequence consists of only three consecutive stock markets for net entries for ETH ETH, while the sequence for those of the BTC is now seven.
The monthly record for April for the ETFE ETHEREUM ETF took place on Friday 25, with $ 104 million in total net entries, which is always a remarkable daily result for this type of product on ETH.
Bitcoin / Ethereum ratio
The difference between the trend of the price of bitcoin and that of the Ethereum price is well represented by the trend of the price ETH in BTC (that is to say the trading pair ETH / BTC).
In early December 2024, this price had increased to 0.040 BTC, thanks to the seasonal mini-season at the end of November, but at the end of December, it had already fallen below 0.035 BTC.
From the beginning of January, a long downward trend started, which could still be in progress, which first brought it below 0.020 BTC, then even below 0.019 BTC.
Note that such low levels have not been observed since December 2019, that is to say for more than five years, and they are certainly unusual for a post-electoral year.
For example, in March 2021, when the first major season of this year's Altes season had not yet started, the ETH was around 0.030 BTC, well above 0.019 current.
From this point of view, the relative minimum peak of this period was reached on Tuesday April 22, while for a brief moment, ETH even fell below 0.018 BTC.
To tell the truth, this has oscillated around 0.019 BTC since April 7, and it also suggests that the downward trend that actually started almost two and a half years ago could also have ended, given the very low levels now affected.
In fact, the trend of the last three stock market sessions of Ethereum ETF is promising from this point of view, but it is only a mini-trend, too short to be really indicative.
