Why Bitcoin, Ethereum, XRP struggle to sustain recovery?
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) are struggling to sustain their recovery on Friday, reflecting a sticky bearish sentiment. Since the October 10 flash crash, which liquidated over $19 billion in crypto assets in a single day, retail interest in crypto assets has been significantly suppressed.
Unsteady inflows into crypto Exchange Traded Funds (ETFs), particularly for products related to Bitcoin and Ethereum, suggest that institutional investors are actively staying on the sidelines.
The next two weeks, before the December Federal Reserve (Fed) monetary policy meeting, will help gauge sentiment and provide insight into the direction the crypto market would take ahead of 2026.
As of Friday, Bitcoin holds above $91,000, Ethereum…
