Bitcoin, Ethereum, XRP try to find floor amid ETF outflows
Bitcoin (BTC) offers subtle signs of recovery, trading above $95,000 at the time of writing on Monday. Altcoins, including Ethereum (ETH) and Ripple (XRP), are making recovery attempts, following in BTC’s footsteps, with ETH hovering below $3,200 and XRP trading around $2.27.
Data spotlight: Bitcoin, Ethereum, XRP signal recovery despite low investor interest
Since the October 10 deleveraging event, which liquidated over $19 billion in crypto assets in a single day, Bitcoin has recorded a major exodus of institutional investment flows.
US-listed Exchange Traded Funds (ETFs) extended the bearish streak with approximately $492 million in outflows on Friday. According to SoSoValue data, BTC ETFs’ cumulative inflow volume averages $58.85…
