Bitcoin is currently trading around the $104,000 mark, but it could drop to $100,000 due to negative U.S. inflation and jobs data, according to analysis from Japanese exchange BitBank. The focus of the crypto market is shifting to U.S. inflation data and the upcoming jobs report. Ethereum, on the other hand, has outperformed Bitcoin after the SEC approved Bitwise's BTC-ETH exchange-traded fund. The net inflow for existing Ethereum ETFs has also turned positive. The medium- and long-term outlook for both Bitcoin and Ethereum remains positive despite potential downbeat inflation figures. Analysts highlight positive factors such as President Donald Trump's tariff rhetoric driving up the price of gold, potentially benefiting Bitcoin, and Jerome Powell's recent comments suggesting further deregulation and guidance for banks to serve crypto firms.



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