In a gloomy market outlook, Bitcoin has managed to trade above the $61k level again, following a dismal start to the week. This resurgence, however, does not mask the underlying issues plaguing the crypto market.

Despite the slight recovery, the US spot Bitcoin ETFs only recorded a meager $31 million in daily inflow on Tuesday. This figure is far from encouraging, reflecting the cautious sentiment among investors amid the uncertain regulatory environment and unpredictable market trends.

The current state of affairs underscores the need for more robust global regulatory frameworks for cryptocurrencies. As it stands, the volatility and unpredictability of the crypto market continue to pose significant risks for investors.