Bitcoin (BTC) is facing headwinds, correcting lower to nearly the $121,000 mark on Thursday, as prices in the broader cryptocurrency market generally retreat. Ethereum (ETH) and Ripple (XRP) are also in the red, trimming gains accrued during the previous day’s knee-jerk recovery.
Ethereum (ETH) dips 4% on Tuesday despite a mild profit realization and robust demand from institutional and corporate investors.
Ripple (XRP) takes a breather, holding above $3.00 on Friday after two consecutive days of steady gains. Interest from whales, retail demand and optimism surrounding the 'Uptober' narrative contributed to the rally from September lows around $2.70.