Bitcoin rose for a second consecutive session on Thursday, moving back near the USD 90,000 threshold as global risk sentiment improved.
The rebound follows signs of de-escalation in tensions between the United States and Europe, which had recently weighed heavily on risk assets.
However, uncertainty remains around the durability and scope of any agreement.
The improvement in sentiment has yet to be reflected in institutional flows. Spot Bitcoin ETFs recorded their third consecutive day of outflows, with withdrawals of around USD 708 million yesterday. Ethereum products also experienced significant redemptions of approximately USD 287 million.
Looking ahead, today’s US GDP and PCE data represent the next potential catalyst. Softer growth or inflation readings could reinforce expectations of a more dovish Federal Reserve stance, supporting risk assets such as Bitcoin. Conversely, resilient data may limit upside and keep the cryptocurrency range-bound despite the recent geopolitical relief.
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