Ether posted a sharp 7% gain in the past 24 hours as bitcoin’s steady climb past $109,000 boosted an otherwise flat crypto market.
The rebound came as traders continued to digest the latest US-China trade developments and braced for key inflation data this week that could set the tone for interest rate expectations.
Kay Lu, CEO of HashKey Eco Labs, said the market’s reaction to the Trump-Musk spat last week may have been overdone. “We’re seeing some market recovery as fundamentals remain strong,” Lu said. “The CPI data on Wednesday could be a key catalyst for price moves.”
Meanwhile, Jeff Mei, COO at BTSE, warned that the current cycle may not be straightforward. “We’re seeing more options for investors to get crypto exposure, whether through ETFs, corporate treasuries, or stablecoin issuers,” Mei said. “This cycle will be more nuanced as crypto matures as a macro asset class.”
Nick Ruck, director at LVRG Research, noted that Bitcoin’s price action above $109,000 showed resilience in the face of mixed signals.
“Bitcoin’s climb amid geopolitical and macro headwinds reinforces its standing as a macro asset class,” Ruck said. “ETF momentum has put crypto back on the radar for mainstream investors.”
