Bitcoin (BTC) is extending its modest gains for the second consecutive day, trading above $90,000 at the time of writing on Thursday. Altcoins, including Ethereum (ETH) and Ripple (XRP), are attempting to stabilize after days of persistent selling pressure.

Ethereum is hovering around $3,000 while XRP maintains its position at $1.95 amid weakening institutional and retail conviction. The small gains across major crypto assets come amid sustained Exchange Traded Funds (ETF) outflows, signaling extended risk-off sentiment among institutional investors.

ETF outflows weigh on BTC, ETH, as XRP retail interest fades

Bitcoin spot ETFs continued to face intense selling pressure, with outflows reaching a staggering $709 million on Wednesday. The…