The cryptocurrency market is showing mixed performance today, with Bitcoin leading the charge while Ethereum and Ripple face downward pressure.
Bitcoin ($BTC ) is trading around $105,573, up slightly on the day. It remains strong above the $105K level, driven by reduced centralized exchange reserves and increased institutional accumulation, indicating long-term bullish sentiment.
Ethereum ($ETH ) has dipped to $2,598, breaking below short-term support and signaling a potential bearish continuation within its consolidation pattern.
Ripple ($XRP ) is priced at approximately $2.20 and is testing a key support zone within a descending triangle structure. A breakdown could lead to further declines if bulls fail to hold the line.
In other news, rumors suggest BlackRock may soon file for a spot XRP ETF, sparking excitement in the XRP community. Meanwhile, Bitwise’s Bitcoin ETF reported a $3.4 million daily inflow, underscoring growing institutional interest.
Overall, while Bitcoin shows resilience, altcoins are struggling to find upward momentum. Market watchers should keep an eye on ETF developments and institutional movements in the coming days.
