XRP Leads Market Gains as Bitcoin Stabilizes Near $115K
Bitcoin (BTC) and ether (ETH) stabilized after significant selloffs due to nearly $1 billion in ETF outflows, causing BTC to drop to around $114,000 before recovering. ETH experienced $152 million in outflows, breaking a month-long inflow streak. This decline coincided with new tariffs from U.S. President Donald Trump, impacting global market sentiment.
Key points include:
- Bitcoin trading around $114,500; ether above $3,550, both near support zones.
- XRP and dogecoin gained approximately 5%; Cardano (ADA), BNB, and Solana (SOL) rose over 3%.
- Institutional involvement is enhancing liquidity and stabilizing the market.
- ETF buyers are currently absent, keeping market sentiment cautious.
- Bitcoin remains below the critical $118,000 resistance; ether must surpass $3,500 to avoid further selling pressure.
U.S. equity futures increased by 0.4%, supported by expectations of a Federal Reserve policy shift following a weak jobs report. Oil prices decreased, while the dollar weakened slightly.