Global Stock News

Why Bitcoin, Ethereum, XRP price action is choppy?

Why Bitcoin, Ethereum, XRP price action is choppy?

Bitcoin (BTC) holds above support at $65,118 at the time of writing on Friday. The Crypto King shows subtle signs of recovery after extending declines for four consecutive days through Thursday, reflecting a sticky rise-off sentiment in the broader crypto market.

Ethereum (ETH) remains choppy in a narrow range between support at $1,900 and resistance at $2,000, while Ripple (XRP) attempts another upward move toward the pivotal $1.40 level.

Bitcoin, Ethereum and XRP’s weak institutional interest in focus 

Bitcoin, Ethereum, and XRP continue to face low or declining institutional interest, as evidenced by the performance of spot Exchange-Traded Funds (ETFs) over the past few weeks. 

According to SoSoValue data, Bitcoin ETFs are like to log…

Source link

Share this article

Scroll to Top