Crypto has tracked lower late this year despite pro-regulation shifts, ETF launches, and institutional buying, prompting analysts to question structural issues.
Bitcoin briefly clinched $90,000 after the November Consumer Price Index report showed a drop in US inflation, but the essential components for an extended rally remain elusive.
ETH rebounded toward $3,000 as stocks reacted positively to a cooler-than-anticipated CPI print, but this week’s $553 million spot ETHER ETF outflow could keep a cap on prices.
Ether has dropped below $3,000 and is down 42% from its record high, prompting traders to question where the next bounce zone for the ETH price might be.