BTC Bulls Build Momentum for Next Leg Up as Ethereum and XRP Gain Traction

Bitcoin (BTC) has maintained its bullish outlook since last week, trading around $79,000 on Wednesday. The Crypto King is consolidating, and bulls appear to be preparing for another breakout attempt to reclaim $80,000 and push beyond the supply zone at $82,500.

Ethereum (ETH), on the other hand, holds above $2,400 while building momentum for a potential breakout past $2,600. Meanwhile, Ripple (XRP) is defending $1.40 support but faces capped upside, with supply building between $1.50 and $1.70.

Market activity supports this bullish outlook, as Bitcoin spot Exchange-Traded Funds (ETFs) have extended a notable bullish streak, with inflows averaging $314 million on Tuesday. This surge in institutional investor interest is a significant development for the cryptocurrency market.