Market Wrap: Bitcoin Rises Again as Altcoins Outperform

Posted on by American Coins & Gold

Market Wrap: Bitcoin Rises Again as Altcoins Outperform
Bitcoin is recovering from a weekend dip as traders anticipate the third U.S. futures-focused bitcoin exchange-traded fund (ETF) listing. The VanEck Bitcoin Futures ETF is expected to launch on Tuesday and will trade under the ticker symbol XBTF. Analysts continue to expect further upside in bitcoin’s price given strong investor sentiment on ETF approvals.Last week, crypto investment funds saw a record $1.47 billion in inflows as investors positioned themselves ahead of the first U.S. bitcoin-linked ETF launch, by ProShares. Alternative cryptocurrency-focused funds also saw inflows, which coincided with a near 30% rise in Solana’s SOL token over the past week.Analysts…