Bitcoin Bounces Back as Buyers Regain Control, ETF Inflows Surge
On Saturday, May 2, 2026, Bitcoin rebounded to $78,172, a 2.5% gain on the day. Its weekly performance turned positive again at +0.9%. Ethereum followed suit, climbing to $2,295. This renewed optimism comes after a tough week in which Bitcoin hit a low of $75,000. The bounce is attributed to renewed interest from institutional investors, who see current levels as a buying opportunity. On-chain data shows an increase in inflows to Bitcoin exchange-traded funds (ETFs), a sign that demand is picking up. Meanwhile, traditional markets are stable, reassuring crypto traders. The macroeconomic backdrop remains uncertain, but the absence of bad news is allowing for a technical relief rally. Analysts say the rebound is encouraging but does not guarantee a sustained uptrend. Bitcoin needs to confirm this momentum by breaking above the key psychological level of $80,000. If buying pressure holds, the week could end on a positive note. However, a return below $76,000 would revive fears of a deeper correction. The coming days will be crucial in determining whether this bounce is the start of a new cycle or merely a pause in a bearish trend.
