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🎢Weekly Recap: Markets Bounce Back, EigenLayer TVL Surges, Dencun Scheduled
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Weekly Recap
Happy weekend Defiers!
Volatility is returning to the crypto markets, with both Bitcoin and Ethereum gaining more than 8% over the past seven days to post multi-week highs. BTC retested its January high near $48,000 while ETH rallied past $2,500 for the first time in three weeks.
Spot Bitcoin ETF flows sank to their lowest level since launching, with just $106.5M passing through the funds on Feb. 6, despite the funds from BlackRock and Fidelity ranking among the top 10 ETFs in January overall with more than $2B worth of inflows. However, flows picked back up at the end of the week alongside bullish market momentum, with $400M entering Bitcoin ETFs on Feb. 8.
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