Cryptocurrency Market Remains Weak as BTC Falls Toward $62,000

The cryptocurrency market remains weak on Monday, with Bitcoin (BTC) falling toward $62,000. Ethereum (ETH) and Ripple (XRP) reflect the sell-off across altcoins, edging lower toward $1,800 and $1.05, respectively.

Risk appetite remains subdued, as the Fear & Greed Index holds steady at 28, deep within Fear territory. Persistent risk-off sentiment is likely to cap potential upside and prompt continued investor selling.

Bitcoin ETFs post mild outflows, with spot BTC Exchange-Traded Funds registering net outflows of $61.53 million last week. This marks the end of a three-week streak of positive inflows. If this trend persists and accelerates, BTC may face further downside pressure.

Ethereum ETF flows paint a slightly bullish picture, with mild inflows of $17.42 million last week. This is the fourth consecutive week of inflows, suggesting improving institutional demand. A recovery toward $2,000 could ensue if this trend continues.