Bitcoin-ETF Investments Resume Inflow Amid Market Consolidation

During today's trading sessions, the flagship cryptocurrency continued its trend of consolidation. Over the past week, the influx of investment funds into spot Bitcoin ETFs slowed down slightly. For instance, on February 21st, there was a recorded outflow from industry funds exceeding $36 million. However, the situation began to stabilize steadily, with Bitcoin ETFs receiving over $250 million from investors yesterday. This update was provided by James van Straten, an analyst at the CryptoState platform.

Renowned crypto analyst Skew commented on the overall market situation, emphasizing a sustained upward trend globally. However, the price is testing a critical support area at $50,700. While a local correction may occur, the flagship of the crypto market appears fairly stable.

At the time of writing, Bitcoin is trading at $50,943, experiencing a 1.16% decrease in value over the past 24 hours. Trading volume has decreased by 11.3%, settling at $23.51. Bitcoin's market capitalization is currently estimated at $1 trillion.

The outgoing trading week remained relatively calm in terms of fundamental data releases, contributing to narrow consolidation. Recently, former U.S. presidential candidate Donald Trump softened his stance on Bitcoin during an interview with Fox News journalists. He acknowledged the steady growth in demand for the leading digital currency among various investor categories. However, he reiterated his preference for the fiat dollar. Notably, Trump remains a staunch opponent of the concept of Central Bank Digital Currency (CBDC), citing concerns about its potential threats to the financial independence of ordinary Americans.