Bitcoin has rebounded to around $77,890, recovering a portion of Wednesday's decline. As of Thursday morning, the cryptocurrency was trading at that level, up 0.76% from midnight UTC, though it remains 2.89% lower than the previous week's high.
The market landscape reveals a clear divergence between safe-haven assets and risk instruments. Precious metals benefited from Wednesday's price slide, with gold climbing 0.97% to $4,434 and silver advancing 0.88% to $65.94. Simultaneously, the US Dollar Index (DXY) slipped 0.32% to 99.259, providing a tailwind for equity futures, with the Nasdaq 100 rising 0.2% and the S&P 500 gaining 0.15%.
On the capital flow front, spot Bitcoin ETFs recorded net outflows of $9.3 million, marking the second consecutive day of net selling. However, this figure represents only a fraction of Tuesday's substantial $239 million outflow, suggesting a notable deceleration in investor redemption pressure.
The broader crypto sentiment index currently reads 35/100, indicating an improving overall trend. Among standout performers, Lighter (LIT) and ARB have shown exceptional strength. ARB's robust performance is underpinned by its strategic collaboration with Robinhood (HOOD.US), which has established a sustainable revenue stream that continues to fuel its upward trajectory.