The cryptocurrency remains in a broader corrective bias on Friday, despite majors such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) holding slightly higher than early-week support levels. Bitcoin hovers around $63,500 amid a capped upside. Ethereum eyes a breakout past $1,700, while XRP hovers above $1.40.

Institutional selling persists amid ETF outflows

Bitcoin spot Exchange-Traded Funds (ETFs) saw five days of outflows totaling $19 million on Thursday, suggesting that risk-off remains sticky in the broader crypto market. Cumulative outflows now stand at $53.54 billion, down from $55.18 billion recorded on June 1, while net assets under management average $79.50 billion, falling from $91.18 billion in the same period. Continued…