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Bitcoin, Ethereum, XRP extend correction as risk-off sentiment weighs

Bitcoin, Ethereum, XRP extend correction as risk-off sentiment weighs

  • Bitcoin pulls back below $80,000 as sentiment returns to fear, reflected by ETF outflows.
  • Ethereum slides toward the 50-day EMA support amid increasing selling pressure and institutional outflows.
  • XRP extends broad sideways action between support at $1.30 and resistance at $1.50 amid muted ETF activity.

Bitcoin (BTC) is correcting for the second consecutive day, trading below the pivotal $80,000 threshold on Friday. The Crypto King started the week on a bullish note, alongside major cryptocurrencies such as Ethereum (ETH) and Ripple (XRP). The path of lease resistance shifted downward after rejection at $82,850 by mid-week.

Ethereum, like Bitcoin, is showing technical weakness, trading below $2,300, while XRP struggles to regain momentum…

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