Bitcoin (BTC) recovers, trading above $77,000 after finding support around the key Exponential Moving Averages (EMAs) earlier this week. Fading institutional demand keeps the lid on Crypto King’s recovery as spot Exchange Traded Funds (ETFs) recorded continuous outflows so far this week.
Ripple (XRP) remains pressured below $1.40 at the time of writing on Monday, reflecting a broader sell-off in the crypto market.
Cardano (ADA) remains under pressure, trading below $0.260 on Monday after correcting over 10% in the previous week. Mixed derivatives metrics and weakening on-chain data support a bearish outlook, hinting at a deeper correction for ADA.