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Bitcoin, Ethereum, XRP slide as downward pressure intensifies

Bitcoin, Ethereum, XRP slide as downward pressure intensifies

Cryptocurrency prices edge lower on Monday, with Bitcoin (BTC) falling below $73,000, Ethereum (ETH) under $2,000, and Ripple (XRP) holding at $1.30 after a 2% intraday decline at press time. Intense outflows from BTC and ETH-focused Exchange Traded Funds (ETFs), while inflows in XRP ETFs signal a shift in institutional interest.

Market sentiment weakens amid institutional restructuring

The broader crypto market sentiment shows signs of risk aversion amid consistent ETF outflows. CoinMarketCap data shows the Fear and Greed Index at 34 on Monday, down from 52 on May 11, suggesting waning risk appetite among investors. 

Fear and Greed Index. Source: CoinMarketCap

The weakening market sentiment indicates that bears are regaining control….

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