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After a good deal of volatility over the past few days, betting markets like Polymarket

Inflows into the spot bitcoin ETFs restarted in a big way last week as the price rallied from near the $60K level.

The price action has been highly muted this week after plenty of volatility surrounding the previous week's surprising regulatory turnaround for the spot ether ETFs.

Bitcoin hit its highest price in more than two years Thursday before it fell back to $46,000 as the highly anticipated spot bitcoin ETF debut unleashed volatility.

Polymarket traders have their money on four to five more rate cuts this year.

Bitcoin is showing resilience despite the slip, but the corrective period might continue for a while before a return to growth, one observer noted.

Approximately 200,000 bitcoin have been transferred to OTC desks in the past five months.

Flows of fresh investor money into the newly approved spot bitcoin ETFs may be far higher than previously thought.

BTC has registered its first three-week winning trend since February.

Some banks, however, expect the dollar index to stay firm over the near term.