Bitcoin (BTC) Rises to Around $96,000 on Institutional Inflows [Crypto Briefing]

[Financial News] Bitcoin (BTC) climbed to around $96,000 on the 15th, a move attributed to a large influx of institutional funds into spot Bitcoin Exchange-Traded Funds (ETF).
According to global crypto data platform CoinMarketCap, BTC was trading around the $96,000 level as of 10:30 a.m. that day, up 1.02% from 24 hours earlier. Over the past week, BTC has gained 5.60%.
In the Korean won market, BTC was trading around 141 million won. Based on global crypto market comparison platform Cryprice, the Korea Premium stood at -0.05%.
BTC, which hovered around $95,000 the previous day, briefly rose to the $97,000 level during the session. Analysts say recent gains have been driven by net institutional buying of spot Bitcoin ETF. CoinMarketCap data show that institutions have been net buyers of spot Bitcoin ETF for three consecutive trading days from the 12th to the 14th, purchasing $753.8 million on the 13th alone.
Investor sentiment is also gradually improving. The Crypto Fear and Greed Index provided by CoinMarketCap stood at 54 that day, indicating a "neutral" level and up from 52 the previous day. The index ranges from 0 to 100, with values near 0 interpreted as "extreme fear" and those near 100 as "extreme greed."
Altcoins, by contrast, were weak. Over the same period, Ethereum was trading around $3,323, down 0.36% from 24 hours earlier. Ripple (XRP) was at around $2.11, a decline of 2.33%.

yimsh0214@fnnews.com Lim Sang-hyuk Reporter