Bitcoin, Ethereum, XRP slide amid ETF outflows and volatility risks
Bitcoin (BTC) is trading around $90,000 at the time of writing on Thursday as volatility grips the broader cryptocurrency market. The decline from BTC’s weekly high of $94,789 can be attributed to uncertainty about wether the early-year rally will continue, which likely triggered profit-taking.
Altcoins, including Ethereum (ETH) and Ripple (XRP), also face increasing selling pressure, which continues to trim early-year gains.
Bitcoin, Ethereum, XRP stumble as ETH outflows weigh
Bitcoin spot Exchange Traded Funds (ETFs) recorded outflows of $486 million on Wednesday, the highest single-day withdrawals since November 20, as prices across the crypto market faltered. Fidelity’s FBTC led with nearly $248 million in outflows, followed by…
