Ether prices rise following the report of better than expected inflation and tax U-turn.

Ethereum has increased by 9 % in the last 24 hours following the Trump administration’s announcement yesterday that it would temporarily suspend tariffs. The better-than-expected U.S. inflation report on Thursday morning also helped, but ETF flows show that many traders are also withdrawing from crypto.

Ethereum’s price is currently just above$ 1,500, up 0.4 % from the previous hour.

According to CoinGecko data, Bitcoin, which increased by 6.1 % in the past day, has performed better than the rest of the crypto market, which has increased by 4.2 % since yesterday. Despite this, Bitcoin cost increases have lag behind many of the most well-known altcoins.

Dogecoin and Solana are up 6.7 % and 8.4 %, respectively, while XRP is up 11.5 % in the last 24 hours.

Despite Bitcoin’s impressive efficiency,$ 127.2 million left Bitcoin ETFs yesterday, with the company’s largest IBIT ETF leading the pack with$ 89.7 million in payments, according to Farside Buyers ‘ information. Only one account, Bitwise’s BITB ETF, experienced a positive cash flow, increasing$ 6.7 million.

For the second time in a row, Bitcoin ETFs have outflows. Institutional investors may not have been squandered by the rebounding crypto market following the U.S. tax news. Seven of the last eight working days, money has been flowing out of Bitcoin ETFs.

Ethereum funds also reported yesterday’s online outflows, despite the crypto recovering yet more, rising 8.1 % over Bitcoin. Ethereum&nbsp, ETFs, and$ 11.2 million left yesterday.

Bitcoin and Ethereum have positive investment sentiment.

Some investors still place bets on higher prices.

The vast majority of people on the market projection system Myriad are betting on Bitcoin breaking$ 78, 000 by 11:59 p.m. UTC on April 10. ( Disclosure: Dastan, the parent company of a decrypted, editorially independent company, created Myriad as a prediction market and engagement platform. )

In addition, third-party mood analysis tool Crypto Anxiety &amp, Greed Index is showing signs of optimism once more. In the immediate wake of the tariff pause announcement, it changed to” Fear,” from” Extreme Fear,” for the majority of the month.

However, the U.S. administration’s tax U-turn may not be the only issue giving rise to enthusiasm for Bitcoin and Ethereum.

On Wednesday, Paul Atkins was formally confirmed by the Senate as the new head of the SEC. Some think that Atkins, who was chosen by President Donald Trump, may adopt a looser stance on crypto rules than his father Gary Gensler.

edited by Stacy Elliott.