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Bitcoin, Ethereum, XRP face downside pressure amid investor de-risking

Bitcoin, Ethereum, XRP face downside pressure amid investor de-risking

  • Bitcoin slides and holds $61,000 as spot ETFs keep recording outflows.
  • Ethereum accelerates its decline toward $1,600 amid persistent risk-averse sentiment.
  • XRP extends correction for the second consecutive day, testing support at $1.10, while pressured by deteriorating momentum indicators.

Major crypto assets trade under intense headwinds on Wednesday, as market participants navigate complex geopolitical and macroeconomic environments. Bitcoin (BTC) has slipped toward $61,000 after its recent rebound was sold near $64,000, leaving buyers exhausted.

Altcoins, including Ethereum (ETH) and Ripple (XRP), mirror Bitcoin’s bearish outlook, trading around $1,600 and $1.10, respectively.

Bitcoin and Ethereum face capital outflows amid Middle…

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