Cryptocurrency markets show modest price gains despite weak capital inflows and significant outflows from U.S.-listed spot bitcoin and ether exchange-traded funds, signaling potential investor caution.

Key points

• Bitcoin and ether prices rose over 3% and 2% respectively, while the CoinDesk 20 Index climbed 2% to 1,941 points.
• U.S.-listed spot bitcoin ETFs recorded a net outflow of $296.18 million, ending a four-week streak of positive inflows.
• Ether ETFs experienced over $200 million in outflows, reflecting a broader decline in institutional demand for digital assets.
• Stablecoin growth has stalled, with Tether’s USDT market cap flat at $184 billion and Circle’s USDC declining 1.5% to $77.77 billion.
• Technical analysts warn that bitcoin could face further downside, with potential price targets as low as $49,000 if current support levels fail.

The recent shift from inflows to outflows in spot ETFs suggests that institutional appetite for cryptocurrency is cooling amid broader market uncertainty. Investors are closely monitoring these capital flows and stablecoin activity as key indicators of whether the current price recovery can be sustained or if a deeper correction is imminent.