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Crypto

Crypto Market Consolidates, Ripple Edges Higher Amid Elevated Institutional Demand

Guavy AI Editorial Team
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BTC ETH XRP
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The cryptocurrency market is consolidating, with Bitcoin and Ethereum experiencing a pause in their rally. Despite this, Ripple (XRP) has edged higher for the sixth consecutive day, trading above $1.61.

The crypto Fear & Greed Index remains in the Greed territory at 71, indicating elevated appetite for risk assets. This aligns with institutional demand, which continues to sustain a bullish outlook.

Institutional inflows into Bitcoin spot Exchange-Traded Funds (ETFs) came in at $715 million on Tuesday, while Ethereum spot ETFs drew $162 million. Ripple's remittance token saw a notable jump in spot ETF inflows to $20 million.

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