Global #crypto market

Bitcoin and the broader crypto market surged over the weekend, with Bitcoin gaining 3.5% to trade around $115,235.

The crypto market is finally set to receive a key piece of economic data with the release of September’s Consumer Price Index (CPI), following a prolonged U.S. government shutdown.

The world of crypto Exchange-Traded Products (ETPs) is expanding rapidly, with 155 active filings covering 35 different digital assets, and projections suggesting this number could exceed 200 within the next year.

Investor confidence in the crypto market is deteriorating, marked by significant capital flight from U.S. spot Bitcoin and Ethereum Exchange-Traded Funds (ETFs).

Bitcoin experienced a significant price drop on Thursday, fueled primarily by a surge in short selling in the derivatives market, which triggered a massive $724 million liquidation event across the crypto market.

Following a massive liquidation event over the weekend that wiped out over $500 billion in crypto market value, U.S. spot Bitcoin and Ethereum ETFs saw a significant $340 million net inflow on Tuesday.