Bitcoin price rises to $59,305.3 as crypto markets rebound, with Ether leading major inflows.

From Investing.com

August 13, 2024 2:19:40 am:

Bitcoin price rose slightly on Tuesday after a weekend rout, attracting bargain buyers amid limited risk sentiment ahead of key U.S. economic indicators. Capital flows data showed Ether as the only crypto with major inflows. Talks between Musk and Trump omitted mention of crypto, disappointing some market participants. Bitcoin price rose 1.2% to $59,305.3.

Data from Coinshares showed strong inflows in crypto investment products, with Ether seeing over $155 million in inflows and Bitcoin only seeing about $13 million. Crypto markets rebounded from last week’s losses, with Bitcoin rangebound between $50,000 and $60,000. Altcoins advanced alongside Bitcoin, with Ether rising 3.8% to $2,651.26.

Markets were cautious ahead of U.S. inflation data, with most altcoins remaining rangebound. Altcoins like X, Y, and Z rose between 0.2% and 1.6%, while meme token A rose 2.9%. Traders awaited inflation data set to provide more clues on the Federal Reserve’s interest rate plans.

Read more at Investing.com: rises to $59k with inflation, economic cues on tap By Investing.com