Bitcoin Breaks Above $108,000 While Ethereum Inflows Surge

Major cryptocurrencies started the week in the green, rebounding after some weekend volatility that was driven by weaker-than-expected employment data and President Donald Trump’s high-profile feud with SpaceX CEO Elon Musk.

At the time of writing, Bitcoin (BTC) is trading at $108,200, up nearly 2% over the past 24 hours. Ethereum (ETH) is up 1.7% to $2,570. Meanwhile, XRP is trading flat on the day at $2.28, and Solana (SOL) is up by 2.3% to $156.

The total cryptocurrency market capitalization remained relatively unchanged in the past 24 hours at $3.49 trillion. Leveraged liquidations totaled $202 million, according to CoinGlass. BTC accounted for around $72 million of the total, while ETH liquidations came in at around $55 million.

In the exchange-traded fund (ETF) space, U.S. spot BTC ETFs recorded $48 million in outflows. Spot ETH ETFs attracted $2 million in inflows, according to SoSoValue data.

After weeks of mixed signals from uncertain macroeconomic conditions, this latest price action is being viewed by analysts as a potential turning point.

“Bitcoin pushing past $107K is a pressure valve release,” said Ben Kurland, CEO at DYOR. “After weeks of consolidation, traders were bracing for a move, and this breakout confirms upward momentum is still very much intact. Volatility is back, but it’s directional.”

What stands out, Kurland added, is how stable the broader market remains, noting that altcoins aren’t surging, but they’re not falling apart either.

“It’s not panic, it’s positioning,” he said. “The choppiness we’re seeing is less about fear and more about recalibration—high conviction buyers stepping in while short-term profit takers exit. That kind of divergence points to a more mature, selective market.”

Ethereum Inflows Surge

According to CoinShare’s weekly Fund Flows report, weekly crypto investment inflows reached $224 million, pushing the 7-week total to $11 billion. However, momentum has slowed as investors await signals from the Federal Reserve.

Ethereum led the charge with $296.4 million in inflows, its strongest streak since the U.S. election in November 2024. ETH now makes up 10.5% of total assets under management (AUM).

Bitcoin, on the other hand, recorded $56.5 million in outflows last week, while altcoin activity remained subdued, the report noted.

“Bitcoin’s resilience above $100,000 stems from robust institutional demand, with spot ETF inflows offsetting a $346.8 million outflow and exchange reserves dropping to a record low of 2.3 million BTC,” said Joel Kruger, a market strategist at LMAX Group. “Meanwhile, ETH benefits from ETF inflows despite flat network activity post-Pectra Upgrade.”