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.
Sector momentum met macro caution last week, with Ethereum hitting its highest-ever on-chain activity as Bitcoin broke out of a tight range.
Institutional inflows drive Ethereum toward multi-year highs and fuel speculation it could challenge its all-time record and outperform Bitcoin.
Institutional outflows and trade shocks pressured markets this week, with altcoin rallies stalling and ETF momentum fading.
Consolidation dominated markets this week, with Bitcoin range-bound between US$111K and $119K whilst spot ETF outflows indicated softer demand. Ethereum held key support as institutional interest rose, and macro data pressured sentiment.