Bitcoin hovers near $80,000 and Ethereum at $2,370 as macro uncertainty and weak institutional flows weigh on crypto markets
Reported by The Economic Times, not nibnow. We are not the publisher of this story, only the source is.
The decline of Bitcoin to about $80,685 and Ethereum to $2,370, together with outflows from their ETFs, signals weakening momentum that could affect investors holding or considering crypto assets.
In recent developments, Bitcoin has dropped to roughly $80,685, while Ethereum hovers around $2,370 due to various market influences. Major altcoins such as XRP and Dogecoin have also experienced dips, some decreasing by 2.2%. A noticeable decline in institutional interest is evident, with substantial outflows from Bitcoin and Ether ETFs. Both Bitcoin and Ethereum are facing challenges sustaining their momentum amidst the market's volatility.
Bitcoin and Ethereum are the two largest cryptocurrencies by market value, and exchange‑traded funds (ETFs) that track them allow institutional investors to gain exposure without holding the coins directly.
- •Monitor price trends for Bitcoin and Ethereum in the coming days
- •Watch for changes in institutional inflows or outflows from crypto‑related ETFs
- •Follow any major regulatory or macroeconomic developments that could impact crypto market sentiment