Bitcoin Price Surges to $79,110 Amid ETF Inflows and Market Gains

Bitcoin's price has continued its upward trend, reaching $79,110 over the past 24 hours, according to recent data.

Ethereum also saw a significant increase, rising by 3% to $2,388. Asian stock markets generally traded higher in early Monday trading, with key indexes such as the Nikkei 225 and Kospi Index showing gains of 1.4% and 1.9%, respectively.

US spot Bitcoin ETFs have seen a net inflow of $823.7 million for the fourth consecutive week, marking a notable trend in the market's behavior. This increase in ETF capital has been cited as one of the drivers behind the recent price rise, along with technical breakouts and easing geopolitical tensions.

The Crypto Fear & Greed Index rose from 29 to 47, indicating that investor sentiment has shifted towards a more neutral stance. Analysts have attributed this shift to the combination of factors contributing to the market's upward momentum.