Bitcoin and Ether rally as fear meets ETF buying

Bitcoin ($BTC) surged, just $50 shy of hitting $63,000 on July 3, while Ether ($ETH) outperformed the market, climbing to $1,775. This end-of-week surge follows a period where $BTC hit a 21-month low and $ETH dropped to new year-to-date lows. The Crypto Fear & Greed index showed a reading of "Extreme Fear" at just 11 out of 100, which is pretty telling. It's interesting to see this contrast between the "Extreme Fear" reading and the positive market movement last Friday. On July 2, US spot Bitcoin ETFs saw a massive inflow of $221.7 million, marking the biggest single-day influx since early May and breaking a streak of 10 days with outflows.