The cryptocurrency market is consolidating amid geopolitical tensions in the Middle East and macroeconomic expectations.
Bitcoin (BTC) is holding above $78,000. The asset recorded a strong monthly gain (+23%), but investors are now being cautious near the $80,000 resistance level.
Ethereum (ETH) remains stable above $2,400. Unlike BTC, spot ETH ETFs have recently logged a net capital inflow ($102 million), which supports interest in the altcoin.
XRP is trading around $1.37. Gains are being capped by recent profit-taking and a strengthening US dollar.
Investors are taking profits while assessing inflation risks and the likelihood of a Fed rate hike.
Bitcoin (BTC) is holding above $78,000. The asset recorded a strong monthly gain (+23%), but investors are now being cautious near the $80,000 resistance level.
Ethereum (ETH) remains stable above $2,400. Unlike BTC, spot ETH ETFs have recently logged a net capital inflow ($102 million), which supports interest in the altcoin.
XRP is trading around $1.37. Gains are being capped by recent profit-taking and a strengthening US dollar.
Investors are taking profits while assessing inflation risks and the likelihood of a Fed rate hike.