Bitcoin trades above $69,000 with ETF inflows of $225 million, while Ethereum holds above $2,000 despite minor ETF outflows. Nearly 32 percent of ETH is staked, reflecting long-term confidence. Internet Computer leads altcoin gains, while Aave drops amid internal conflict. Market sentiment remains in extreme fear despite rising prices and political debate.
Bitcoin is trading above $69,000 on Wednesday morning, with Ethereum and other altcoins also gaining ground.
The Bitcoin price broke through the $69,000 mark on Wednesday morning and is showing an upward trend with a 2% daily gain. Bitcoin ETFs also received positive news with an inflow of $225 million.
“The Boomers are coming to the rescue again,” commented Bloomberg expert Eric Balchunas on recent developments in Bitcoin ETFs. “Boomers” refers to the post-war generations born between 1946 and 1964, who are now enjoying their retirement and are financially secure.
They form an important foundation for the general ETF boom, as Boomers tend to think long-term. This can only benefit Bitcoin ETFs. Whether Bitcoin can challenge the $70,000 mark in the coming days, according to Wojciech Kaszycki (Chief Strategist at BTCS Inc.), will depend on whether BTC ETFs experience continuous capital inflows.
Ethereum is showing signs of optimism at prices just above $2,000, with ETH currently mirroring Bitcoin’s performance. Ethereum ETFs are down slightly, with a capital outflow of nearly $11 million recorded on Tuesday.
A striking situation is unfolding in Ethereum staking: Blockchain data shows that nearly 32 percent of all ETH is currently staked – more than ever before. Staking currently yields around 2.5 percent annual interest on Ethereum. Demand is so high that Ethereum pledged for staking has to wait in a queue for almost 60 days, a record.
Last autumn, the trend was reversed. Withdrawing Ethereum from staking in September and October 2025 required a waiting period of 40 to 45 days. The current dynamic reflects medium- and long-term Ethereum investment strategies.
Among the 50 most important global cryptocurrencies, Internet Computer (ICP) stands out as today’s top performer with a 4.5 percent daily gain and now a 16 percent weekly increase. This is due to an inflation reduction program at ICP. However, Internet Computer is still 99 percent below its record highs from the beginning of 2021.
The biggest loser of the day is AAVE, down 7 percent. A conflict between the community and the founders of the DeFi protocol is escalating , and leading developers are withdrawing. AAVE is the market leader in crypto lending with approximately $27 billion in assets under management.
Despite a slight upswing in crypto prices, the sentiment barometer remains at “extreme fear,” thanks to the Iran conflict.
US President Donald Trump is personally intervening in the political disputes surrounding crypto legislation. On social media, Trump is urging that the Genius Acts, passed last summer, be interpreted in favor of the crypto industry and that the Clarity Acts on market structure be expedited.
The US president is criticizing banks for their obstructionist stance, which he says is preventing crypto companies from offering interest on stablecoins. The situation appears deadlocked.
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