📌What’s next for ETH, XRP, SOL, when Bitcoin stops at $113,000 and ETF outflows increase
Bitcoin has pulled back to $113.7K, failing to hold above $115K. Key factors:
• 🏦 ETF outflows: over $1 billion has been withdrawn from BTC and ETH funds in just three days
• 📉 Pressure on the stock market (especially the tech sector) is impacting crypto as well
• 🗣️ Investors are awaiting Powell's speech in Jackson Hole
🔹 Ethereum (ETH) — $4,289 (+0.4% for the day), but network activity has dropped by 28% since the end of July. This cools retail demand.
🔹 XRP — $2.87 (−6% for the week).
🔹 Solana (SOL) — $183 (−6% for the week).
⚠️ Analysts believe the market has entered the "late stage of the bull run." Further direction will be set by:
• tone of Powell (if it is "soft" — a rebound is possible)
• inflow/outflow of funds into funds
In the long term, Bitwise predicts: 📈 US pensions could push BTC to $200K by the end of the year.