Bitcoin enjoys institutional inflows, but outlook is bleak
Bitcoin dipped below $89,000 on Tuesday evening in New York as broader cryptocurrency markets remain under pressure.
Ethereum (ETH), Solana (SOL) and XRP (XRP) also trading lower, according to market data.
Summary
- Bitcoin, Ethereum, Solana, and XRP are all in the red. Technical signals suggest selective selling rather than panic, with oversold RSI levels pointing to potential short-term relief.
- Strong inflows into crypto exchange-traded products, led by Bitcoin and large allocators like BlackRock, continue to anchor the market.
- Analysts previously noted that an $89,000 support zone is key for maintaining potential bullish patterns, but a break below it could open deeper…
