Crypto Markets Consolidate Gains as Bitcoin and Ethereum Remain Steady
Crypto markets are consolidating gains, with Bitcoin (BTC) stabilizing near $86,000 and Ethereum (ETH) holding above $2,700. This stability is backed by sustained institutional inflows, which remain steady despite a slight decline in recent days.
Ripple (XRP), on the other hand, continues to rally, extending its gains for the sixth consecutive day and reaching highs above $1.60. The remittance token's breakout is attributed to returning ETF inflows, which have increased significantly since last Friday.
The Crypto Fear & Greed Index remains in the Greed territory at 71, indicating a bullish market sentiment. This aligns with positive on-chain metrics, including the Bull Score Index from CryptoQuant, which has been in bullish territory since mid-August and currently sits at 80.