Bitcoin pushed above $61,646 on Friday, on track for a weekly gain after a softer-than-expected US jobs print pulled Fed-tightening fears off the table. Ethereum followed with a 6.04% move to $1,714.
The macro turn did the heavy lifting. A payrolls miss is the cleanest bullish catalyst risk assets get right now: it kills the rate-path overhang without dragging the economy hard enough to revive recession pricing. BTC dominance held at 55.7% even as ETH outperformed, a tell that capital is broadening from the bellwether rather than fleeing it.
Why it matters
US spot Bitcoin ETFs booked $223.5 million of net inflows on Friday, snapping an eleven-day outflow streak that had drained the complex since late spring. The size is modest next to the issuance-era prints, but the streak-break is what allocators will mark. Eleven days is the kind of run that pulls discretionary mandates back to the sidelines; the first positive session is the permission slip to re-enter.
Market impact
The Fear & Greed Index still reads 21 (Extreme Fear), a five-handle gap below where price action is trading. That gap is the trade: sentiment has not confirmed the move, which keeps the tape under-owned into a potential Fed-pivot window. Watch next week's CPI print; a second soft data point would force the funds that sat this rally to chase it.
Source: [source](http://telegraph.controller.bot/files/8336652911/AgACAgIAAxkBAAI-ZmpHY0Qh7IwdfkZimIsMV13qeqT7AAJAFmsbmh45SmahelkwvPN6AQADAgADeQADPAQ)
Frequently asked questions
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Why did Bitcoin rally on Friday?
A softer-than-expected US jobs print eased near-term Fed rate-hike fears, sending Bitcoin above $61,646 and putting it on track for a weekly gain.
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How much did US spot Bitcoin ETFs take in on Friday?
US spot Bitcoin ETFs recorded $223.5 million in net inflows on Friday, breaking an eleven-day outflow streak.
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What did Ethereum do during the rally?
Ethereum outperformed Bitcoin on the session, climbing 6.04% to $1,714 as capital broadened from BTC into the major alt.
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What is the Fear & Greed Index reading right now?
The Fear & Greed Index sits at 21 (Extreme Fear), roughly five handles below where price action is trading, leaving sentiment unconfirmed.
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What is the next macro catalyst to watch?
Next week's US CPI print is the key release: a second soft data point would force funds that sat this rally to chase it.
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