#BTC110KToday? Bitcoin is trading near historical highs amid a cooling of trading volume, a sign of consolidation.

Ethereum reduces losses after spot ETFs broke a three-day streak of inflows on Thursday.

XRP is consolidating around 2.08$ after extending losses the previous day despite an increase in Open Interest in futures contracts. The cryptocurrency market shows signs of cooling after recovering from the massive sell-off over the weekend. Bitcoin (BTC) led the rebound, briefly surpassing 108.000$ on Thursday before retreating to consolidate around 107.147$ at the time of writing on Friday.

Major altcoins, including Ethereum (ETH) and Ripple (XRP), have also retreated from their respective weekly highs, indicating a sideways movement before the weekend. The outlook for the cryptocurrency market overall remains relatively bullish despite geopolitical tensions and macroeconomic uncertainty, especially with the deadline for U.S. President Donald Trump's 90-day tariff pause approaching on July 9.

Interest in Bitcoin has stabilized in recent weeks, driven by positive investor sentiment, as market participants seek to hedge against a weakened U.S. dollar (USD).

The net inflow volume of spot Bitcoin ETFs reached a 13-day streak on Thursday, with SoSoValue reporting approximately $228 million. Although significantly lower than the $548 million recorded on Wednesday, the net inflow volume confirms the constant risk sentiment. In total, spot Bitcoin ETFs have accumulated around $48.4 million in net inflows, with net assets averaging nearly $134 billion.