Crypto Market Rebounds, Digital Safe-Havens Regain Attention
The crypto market recorded broad-based gains on Monday after a mild correction the previous week. Bitcoin (BTC) rose around 3.2% to around $113,000, while Ethereum (ETH) strengthened by around 3.2% to $4,100. This surge was driven by inflows from institutional investors and signals of a weakening US dollar, which sparked renewed interest in digital assets as an alternative hedge.
However, despite the positive momentum, the market is showing signs of caution. In the derivatives market, interest in futures contracts has slowed and Bitcoin open interest has fallen, indicating that some market participants are reducing long-term exposure. Meanwhile, demand for "put" options is likely to increase, as a form of protection against a potential sudden correction. This pressure is expected to limit further gains, especially if US economic data or monetary policy surprises.
Looking ahead, the focus will be on the release of US employment data and further signals from the Federal Reserve. If the jobs data shows weakness, the opportunity for the crypto market to maintain its positive trend will increase. However, if the Fed indicates a hawkish stance, profit-taking could be triggered. Ultimately, the combination of the direction of the US economy and institutional capital flows will be the primary determinant of crypto market trends in the coming sessions.
Source: Newsmaker.id
