Bitcoin Stages Strong Comeback, Ethereum L2s Outperform Amid Resilient Crypto Fund Inflows
Bitcoin Stages Strong Comeback, Ethereum L2s Outperform Amid Resilient Crypto Fund Inflows
The crypto market shows strong signs of resilience and positive momentum, particularly with Bitcoin reclaiming crucial price levels and Ethereum's layer-2 solutions demonstrating significant outperformance. Bitcoin's price rebound has fueled analyst predictions of a continued bull run towards $150,000, while Ethereum L2 tokens, including Mantle, have surged due to increased adoption and strategic integrations. Despite recent market volatility and a $19 billion crash, crypto funds have attracted substantial inflows, with Bitcoin fund trading volumes hitting record highs, underscoring investor confidence. In a separate development, a Singapore court has approved the restructuring plan for WazirX, allowing the exchange to restart operations and begin compensating affected users.
Ethereum layer-2 tokens outperformed the market, with Mantle surging 31%, driven by Bybit integration and increasing adoption across scaling solutions.
Bitcoin’s price rose back above the short-term holder’s realized price, leading analysts to say that the BTC bull run could continue.
The Singapore High Court’s approval clears the way for WazirX to restart operations and begin compensating more than 150,000 users.
Friday’s massive crypto market crash sent Bitcoin fund trading volumes to record highs, but crypto ETPs held firm amid the turmoil.