Overview

• Bitcoin and ether prices recovered sharply after a major sell-off earlier in the week.
• Institutional investors, including Morgan Stanley, increased their exposure to spot bitcoin ETFs.
• U.S. jobless claims data alleviated recession concerns, boosting both stock and crypto markets.
• Ethereum saw significant inflows into its spot ETFs, outpacing bitcoin in percentage gains.
• Market analysts predict continued volatility but maintain a positive long-term outlook for cryptocurrencies.