Bitcoin Slides Below $80,000 as Rally Loses Steam Amid Steady ETF Inflows
Crypto markets have seen their rally lose steam despite steady ETF inflows. Bitcoin's price has slid below $80,000 after a second attempt at breaking resistance between $81,000 and $82,000 failed.
Ethereum hovers around $2,500 amid capped upside, while seemingly overheated momentum indicators raise the odds of a correction.
XRP edges lower toward $1.40 short-term support after eight consecutive days of ETF inflows.
According to Crypto Finance AG, 'pullbacks have been contained, ETF inflows remain strong, and positioning suggests many investors are still catching up rather than taking risk off.'
Crypto spot Exchange-Traded Funds (ETFs) have seen $1.13 billion in weekly inflows through Thursday, with cumulative inflows rising to $55 billion.