The price of bitcoin rose by 0. 6% to $59,964 amid expectations of a US Federal Reserve rate cut. Positive data on capital flows into exchange-traded funds and the overall growth of the cryptocurrency market supported market sentiment.
Exchange-traded funds investing in Ether received $107 million in net inflows on the debut day. The largest volume of subscriptions was recorded by BlackRock's Ethereum Trust, which totaled $267 million.