Bitcoin (BTC) corrects near a key support range near $73,000 on Thursday, trading alongside altcoin majors Ethereum (ETH) and Ripple (XRP). The smart contract token, ETH, holds above its $2,000 demand area, while the remittance token XRP upholds technical weakness, raising correction odds below $1.00.

Demand for crypto and related assets has significantly faded over the last few weeks, weighed down by macro uncertainties and risk-off sentiment following the Binance hack that impacted roughly $6.3 billion.

The Fear & Greed Index stands at 28 in the Fear territory on Thursday, down only marginally from 29 the day before, aligning with the broader risk-averse market sentiment.

Capital outflows persist in crypto ETFs

Bitcoin spot Exchange…