Blab Crypto
Bitcoin, Ethereum, and XRP Slide as ETF Inflows Slow and Geopolitical Tensions Rise
Bitcoin slipped for a second straight day, closing around $65,722 on Thursday. The price sits just above its 50‑day exponential moving average (EMA) of $65,164, but it remains well below the 100‑day EMA of $68,027 and the 200‑day EMA of $73,734, keeping the long‑term bias bearish. The relative strength index (RSI) hovers near 57 and the MACD histogram is positive, signaling some bullish momentum, yet the 100‑ and 200‑day EMAs act as resistance levels.
Ethereum mirrored Bitcoin’s muted stance, trading near $1,930. It is above its 50‑day EMA of $1,832 but still below the 100‑day EMA of $1,938 and the 200‑day EMA of $2,175. The MACD histogram remains in positive territory and the RSI sits around 64, indicating that bullish momentum has not yet overcome the overhead trend barriers. Resistance for ETH is set at the 100‑day EMA, with a more significant hurdle at the 200‑day EMA.
Ripple’s native token, XRP, is priced at $1.13, below its 50‑day EMA of $1.15 and the 100‑day EMA of $1.23. The MACD line is above the signal line and the histogram is modestly positive, while the RSI is near 55. The immediate resistance for XRP is the 50‑day EMA; a break above it would lift the price toward the Bollinger upper band at $1.16 and the 100‑day EMA at $1.23.
The broader crypto market is under pressure from renewed inflation concerns, ongoing tensions between the United States and Iran, and persistently high oil prices. Bitcoin is approaching short‑term support at $65,000, with upside resistance at $67,000. Altcoins, including ETH and XRP, mirror Bitcoin’s neutral‑to‑bearish tone, testing key support levels at $1,900 and $1.13 respectively.
The Fear & Greed Index slipped to 31 on Thursday from 33 the day before, placing the market in the “Fear” territory. A sustained drop could dampen appetite for risk assets, further reducing demand and the tail force in the broader crypto market.
Institutional demand for Bitcoin spot ETFs remains robust. The SoSoValue data shows a seventh straight day of consistent inflows, although Wednesday’s inflows fell to $69 million from $203 million the previous day. Cumulative inflows are approaching $52 billion, and average net assets under management hover around $80 billion, underscoring long‑term confidence in Bitcoin.
Ethereum spot ETFs also saw a rebound, with Wednesday’s inflows reaching $73 million, almost double Tuesday’s $37 million. Cumulative inflows edged higher to $11.23 billion from $11.15 billion, and average assets under management climbed to $10.57 billion.
XRP ETF activity lagged behind Bitcoin and Ethereum, with Wednesday’s inflows muted. Over the week, inflows totaled $2.5 million on Monday and roughly $6 million on Tuesday. Cumulative inflows remain steady at $1.49 billion, with net assets averaging $1 billion.
In summary, Bitcoin, Ethereum, and XRP are trading near key moving‑average levels that act as support and resistance. Institutional inflows into spot ETFs for Bitcoin and Ethereum are steady, but the pace has slowed. Geopolitical tensions and high oil prices continue to weigh on market sentiment, reflected in the Fear & Greed Index. The market remains in a holding pattern, with the next decisive move likely to come if price breaks above the 100‑day EMA for Bitcoin or Ethereum, or if geopolitical developments ease.
Ethereum mirrored Bitcoin’s muted stance, trading near $1,930. It is above its 50‑day EMA of $1,832 but still below the 100‑day EMA of $1,938 and the 200‑day EMA of $2,175. The MACD histogram remains in positive territory and the RSI sits around 64, indicating that bullish momentum has not yet overcome the overhead trend barriers. Resistance for ETH is set at the 100‑day EMA, with a more significant hurdle at the 200‑day EMA.
Ripple’s native token, XRP, is priced at $1.13, below its 50‑day EMA of $1.15 and the 100‑day EMA of $1.23. The MACD line is above the signal line and the histogram is modestly positive, while the RSI is near 55. The immediate resistance for XRP is the 50‑day EMA; a break above it would lift the price toward the Bollinger upper band at $1.16 and the 100‑day EMA at $1.23.
The broader crypto market is under pressure from renewed inflation concerns, ongoing tensions between the United States and Iran, and persistently high oil prices. Bitcoin is approaching short‑term support at $65,000, with upside resistance at $67,000. Altcoins, including ETH and XRP, mirror Bitcoin’s neutral‑to‑bearish tone, testing key support levels at $1,900 and $1.13 respectively.
The Fear & Greed Index slipped to 31 on Thursday from 33 the day before, placing the market in the “Fear” territory. A sustained drop could dampen appetite for risk assets, further reducing demand and the tail force in the broader crypto market.
Institutional demand for Bitcoin spot ETFs remains robust. The SoSoValue data shows a seventh straight day of consistent inflows, although Wednesday’s inflows fell to $69 million from $203 million the previous day. Cumulative inflows are approaching $52 billion, and average net assets under management hover around $80 billion, underscoring long‑term confidence in Bitcoin.
Ethereum spot ETFs also saw a rebound, with Wednesday’s inflows reaching $73 million, almost double Tuesday’s $37 million. Cumulative inflows edged higher to $11.23 billion from $11.15 billion, and average assets under management climbed to $10.57 billion.
XRP ETF activity lagged behind Bitcoin and Ethereum, with Wednesday’s inflows muted. Over the week, inflows totaled $2.5 million on Monday and roughly $6 million on Tuesday. Cumulative inflows remain steady at $1.49 billion, with net assets averaging $1 billion.
In summary, Bitcoin, Ethereum, and XRP are trading near key moving‑average levels that act as support and resistance. Institutional inflows into spot ETFs for Bitcoin and Ethereum are steady, but the pace has slowed. Geopolitical tensions and high oil prices continue to weigh on market sentiment, reflected in the Fear & Greed Index. The market remains in a holding pattern, with the next decisive move likely to come if price breaks above the 100‑day EMA for Bitcoin or Ethereum, or if geopolitical developments ease.
