BTC, ETH, XRP eye bullish breakout
Bitcoin (BTC) rises in tandem with other crypto majors and is trading above $104,000 at the time of writing on Wednesday. BTC’s recovery follows a short-lived sell-off below $102,500 the day prior, driven by risk-off sentiment amidst macroeconomic uncertainty and potential profit-taking.
Altcoins, including Ethereum (ETH) and Ripple (XRP), are also edging higher, hovering above $3,400 and $2.40, respectively.
Data spotlight: Bitcoin price increases, supported by ETF inflows
Institutional demand is making a slow comeback in the crypto market, as inflows into Bitcoin Exchange Traded Funds (ETFs) surge. According to SoSoValue, US-listed ETFs recorded inflows of slightly over $523 million on Tuesday, building on the momentum of $1.15 million…
