Global markets held a cautious tone ahead of a busy slate of US data, with Bitcoin and Ethereum weakening while larger-cap altcoins moved in mixed directions. Bitcoin traded around 69,096, down 0.65%, and Ethereum near 2,015, down 1.17% as the digital-asset market remained under pressure. Market sentiment remained subdued, with the Alternative Fear and Greed Index at 9, signaling extreme fear. Analysts cautioned that near-term price moves could hinge on the incoming employment and consumer data.
Regulatory focus shifted to the White House’s planned discussion on stablecoins, with the chief issue being whether interest payments on stablecoins should be permitted. Markets viewed the talks as a potential guide to longer-term regulatory direction rather than a short-term price catalyst. Bitcoin spot inflows led the way, with BTC spot ETFs seeing inflows of about 144.9 million and ETH spot ETFs adding roughly 57 million, according to data. Observers said the inflows were more about maintaining existing positions or moving funds between products rather than fresh buying.
The 24-hour digital-asset derivatives volume rose about 9.5% to roughly 185.78 billion, while liquidations declined about 19.86% to around 290.48 million. These metrics suggest a cautious approach ahead of key data releases.
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