Global Stock News

Bitcoin, Ethereum, XRP hold recovery levels amid minor ETF outflows

Bitcoin, Ethereum, XRP hold recovery levels amid minor ETF outflows

The crypto market traded modestly, gaining 1.1% on Friday as Bitcoin (BTC), Ethereum (ETH) and XRP maintained their recent recovery levels. The gains came despite US spot ETF outflows and cautious investor sentiment, suggesting buyers continue to defend key support levels.

Bitcoin holds near $64K despite ETF outflows, treasury sell-offs

Bitcoin (BTC) traded slightly above $64,000 on Friday despite selling pressure from US spot Bitcoin exchange-traded funds (ETFs). The funds recorded net outflows of $95 million on Thursday, marking a second consecutive day of negative flows.

Spot BTC ETF Flows. Source: SoSoValue

The move follows Bitcoin treasury company Empery Digital’s disclosure in a filing with the US Securities and Exchange Commission…

Source link

Share this article

Scroll to Top