Bitcoin ETFs Dominate While Market Trades Sideways?

Today the cryptocurrency market witnessed a slight decline compared to the previous day. As a result, the industry’s market capitalization took a hit of 0.95% to $3.32 trillion. Trading volume also saw a modest decline of 2.05% to $152.63 billion. Today’s Fear and Greed Index reflects the red numbers, by indicating a “neutral” score of 54.

Will Bitcoin see ETF inflows despite falling prices?

Today, Bitcoin price fell slightly by 1.08% to $96,041.73. However, it still maintains a market capitalization of $1.9 trillion. The market turmoil has not hampered the optimism of larger institutions, and this was evident with Bitcoin ETFs recording an inflow of $449 million last week. BlackRock’s IBIT ETF was the leader with $1.45 billion under management.

For insights into the future of Bitcoin, explore our website Bitcoin price forecast.

Altcoins Watch: ETH, SOL, and XRP Prices Stumble

Ethereum price fell 0.91% over the past 24 hours to $3,344.95, however it has followed Bitcoin’s lead in terms of ETFs. The Ethereum spot ETF recorded inflows of $62.73 million over the past week, which was a continuation of its 4-week streak. Solana and XRP followed broader market trends, with SOL falling 1.09% to $184.21 and XRP falling 2% to $2.21.

For detailed analysis of Ethereum, check out our website Ethereum price prediction.

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