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US Fed signals macro easing. Bitcoin remains rangebound as Ethereum hits record high on rising institutional demand.
Ahead of Jackson Hole, traders are taking profits, reducing risk, and watching inflation data and ETF flows for direction on the next phase of the crypto market.
Bitcoin’s rally cooled as crypto mirrored equities’ retreat. Ethereum eased after big gains, Solana hit resistance, XRP held support, and ETFs signalled profit-taking ahead of Jackson Hole.
U.S. crypto ETFs saw nearly US$1B in outflows. The moves add selling pressure to Bitcoin and Ethereum and keep market sentiment cautious in the short term.
ETF volumes hit record highs as Ripple’s case nears closure. Traders watch Bitcoin’s support at US$115K and Ethereum’s strength above US$4.5K.
Crypto markets hit new milestones this week, with Bitcoin surging to US$124,474 and total market cap breaking above US$4T for the first time.