Bitcoin (BTC) price is inching closer to the key $90,000 psychological level on Wednesday after rebounding 3% so far this week. The institutional demand for BTC signals cautious positioning as spot Exchange Traded Funds (ETFs) recorded mild outflow on Tuesday.
Ethereum (ETH) fell further on Tuesday, registering a 3.8% decline over the past 24 hours and stretching its weekly loss to about 14%. The sustained decline aligns with the broader crypto market, which is facing immense risk-off pressure amid ongoing geopolitical tensions in Greenland.
Ripple (XRP) builds on the prevailing downtrend, recording 3% drop at press time on Tuesday. Growing pressure on medium-term XRP holders and a drop in XRP futures Open Interest strengthen the downside bias. Technically, XRP approaches a deeper support zone as selling pressure mounts.