Crypto Market News Today, December 10: Green BTC USD Inflows with ETH to Bitcoin Price Broke Downtrend with 12% Rally as Short Positions Wiped Out

BTC and ETH both opened the day with a clear uptrend sentiment against USD, just before the expected 25bps rate cut, and the strength showed up early in the Bitcoin to Ethereum price relationship as well. With Bitcoin price inflows turning green and ETH USD bouncing sharply, the market finally looks like it’s regaining clear direction.

Fidelity and Grayscale reportedly recorded more than $250 million in Bitcoin inflows, which immediately improved confidence around their BTC USD positioning. ETH USD price followed the same momentum as Ether broke its three-month downtrend against BTC, a perfect sign for altcoin season.