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Crypto market update: Cardano surges, XRP falls as ETF inflows near $1B

Crypto market update: Cardano surges, XRP falls as ETF inflows near $1B

The cryptocurrency market is trading mixed today as investors balance strong ETF demand against ongoing regulatory uncertainty in the United States.

Bitcoin (BTC) is holding close to $65,000, while Ethereum (ETH) continues moving toward the important $2,000 resistance level. At the same time, Cardano (ADA) is the best-performing major altcoin, whereas XRP remains under selling pressure.

Despite the mixed price action, institutional interest remains strong. Spot Bitcoin and Ethereum ETFs have attracted nearly $1 billion in combined inflows this week, showing that investor demand for crypto exposure remains healthy.

Missed yesterday’s market action? Read our Crypto Market Update August 6 to see how Bitcoin approached $65K, Ethereum gained…

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