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Bitcoin, XRP, ETH Steady as BTC ETFs Attract $590M Inflows
Bitcoin and broader crypto markets were little changed in the past 24 hours with exchange-traded funds (ETFs) tracking the asset attracting over $590 million in inflows on Monday, extending a six-day streak.
That marked a week of inflows for the first time since late March, coming as bitcoin’s appeal as a safe-haven asset continues to gain favor among investors. BlackRock’s IBIT led flows at $970 million, while Ark’s ARKB lost $200 million. BTC held above $94,000 in Asian morning hours on Tuesday, a resistance level whose break traders say could clear the path to a move toward $100,000.
XRP, ether (ETH), Cardano’s ADA and BNB Chain’s BNB remained flat, while Solana’s SOL was down 2%. Monero (XMR) dropped 8.5% after a sudden 40% surge on Monday, a move that came as a hacker swapped over $330 million of BTC to the privacy-focused token, per prominent blockchain sleuth ZachXBT.
Among mid-caps, Nexo (NEXO) zoomed 8% after announcing it would return to the U.S. after a two-year regulatory hiatus with a focus on AI applications.
Some traders eye data releases in the week ahead for cues on positioning, with market sentiment generally dented after U.S. tariffs