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Bitcoin nears $80K as ETF inflows boost dominance to 61%, signaling cautious investor confidence.

Market News
04 May 2026
Crypto Briefing
View Source
Bullish
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Bitcoin is trading near $80,000 after a steady 2.3% weekly gain, driven by strong ETF inflows that have pushed its market dominance to 61%, a level unseen since November 2025. This rise in dominance suggests investors are favoring Bitcoin as a safer asset amid growing market caution, supported by a Fear and Greed Index in the 'Fear' zone. Meanwhile, Ethereum ETFs have seen a positive reversal with $356 million in inflows after six months of outflows, indicating renewed institutional interest. The combined ETF demand for Bitcoin and Ethereum may signal broader institutional appetite for crypto, though altcoins remain mostly flat. Investors should watch if Bitcoin breaks above $80K with volume for a potential rally or faces rejection, while monitoring whether Ethereum ETF inflows continue to grow.

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