Cryptocurrency Market Sees Third Consecutive Day of Gains

According to BlockBeats, ⁤QCP Capital’s daily report on September 21⁤ revealed that cryptocurrencies experienced their ​third consecutive ⁢day of gains. Bitcoin (BTC) ⁣briefly touched the $64,000 mark, while ‌Ethereum (ETH) rebounded to $2,500.

This upward movement ⁢was fueled by strong inflows‌ into BTC⁣ and ETH‌ spot ETFs. Over the past⁢ two⁤ days, BTC ETFs recorded net inflows of $250.3 million, while ETH ETFs saw net inflows of $8.1 million, indicating a surge in investor interest.

As the market awaits the upcoming PCE ⁤price report​ on Friday, the enthusiasm for ​rate cuts is gradually waning. As of this morning, BTC has fallen below $63,000, signaling a potential correction ‍in the market.

In the options market,⁤ front-end BTC volatility has ⁤decreased ‍by 6 points from‍ yesterday’s peak. As the market adjusts to the path⁢ of policy normalization, volatility continues to decline, suggesting a more ​stable market outlook.