According to PANews, crypto fund management agency EMC Labs said that the U.S. election has come to an end and the U.S. stock market has risen sharply, with traders betting on increased corporate profits in an environment of tax cuts and low interest rates.
Against this backdrop, BTC ETF saw a single-week inflow of $1.728 billion, and stablecoin channels saw inflows of $4.776 billion, for a total inflow of $6.504 billion, the largest single-week inflow since 2024.
BTC broke through the resistance of $73,000 and $75,000 and returned to the upward trend line, marking the start of the second half of the crypto bull market. ETH rose 29.52% this week, and Altcoins generally rose.
EMC Labs' BTC Cycle Metrics indicator is 0.875. The market is in an upward phase with strong liquidity. BTC and Altcoin are expected to continue to rise in the future.
