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Crypto

Crypto Prices Slump Amid Inflation Concerns, Institutional Demand Holds Strong

Guavy AI Editorial Team
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BTC ETH XRP
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Crypto prices are under pressure due to renewed inflation concerns and rising oil prices. Bitcoin (BTC) is trading near $65,000, while Ethereum (ETH) and Ripple (XRP) are testing key support levels.

The Crypto Fear & Greed Index has slipped to 31 from 33 the previous day, indicating a minor drawdown in sentiment. However, institutional demand for BTC spot Exchange-Traded Funds remains robust, with $69 million inflows on Wednesday.

Bitcoin's upside is capped by resistance at $67,000 and its price remains below major trend EMAs. Ethereum also faces structural constraints, while Ripple struggles to gain momentum.

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