Bitcoin Edges Higher Amid Consolidation in Crypto Markets

Crypto markets are consolidating on Monday, with Bitcoin (BTC) holding above $63,000 and Ethereum (ETH) approaching $1,900. Despite outflows of $390 million in Bitcoin spot Exchange-Traded Funds (ETFs) last week through Friday, cumulative inflows remain positive at $51.79 billion.

Ethereum also faced headwinds last week, as spot ETF outflows returned, totaling $2.26 million. This mild bearish shift broke five consecutive weeks of inflows in Ethereum. Meanwhile, cumulative inflows remain positive at $11.45 billion.

XRP spot ETFs retained a steady bullish streak, with mild inflows of $2.25 million recorded last week through Friday. This marks the fifth consecutive week of inflows, underpinning risk-on sentiment.