XRP Leads Market Gains, Bitcoin Nears $115K as Trump Tariffs Sour Bullish Crypto Mood
Main Idea
Cryptocurrency markets experienced volatility due to concerns over Trump's tariff policies and Fed rate signals, with Bitcoin and Ether stabilizing after significant outflows, while XRP led gains.
Key Points
1. Bitcoin and Ether stabilized after volatile selloffs, with Bitcoin ETFs seeing nearly $1 billion in outflows, causing a drop to around $114,000 before a modest recovery.
2. Ether had $152 million in outflows on Friday, ending a nearly month-long streak of daily inflows and pressuring its rally.
3. XRP rose as much as 5% to lead market gains, with Cardano’s ADA, BNB, and Solana’s SOL also rising over 3%.
4. Concerns over Trump’s tariff stance and the Fed’s reluctance to cut rates soon contributed to market dips, though some analysts believe the fear may be overdone.
5. Institutional depth is cushioning volatility, with professional desks bringing deeper secondary liquidity, according to market analysts.
Description
Crypto started the week steady with bitcoin (BTC) and ether (ETH) stabilizing after volatile selloffs on Friday and Saturday driven by the worst spot ETF outflows in months. Bitcoin ETFs saw nearly $1 billion in outflows across Thursday and Friday, causing the asset to drop to around $114,000 before a modest recovery. Ether followed with $152 million in outflows on Friday, snapping a nearly month-long streak of daily inflows and putting pressure on its rally. This came as U.S. President Donald T...
Latest News
- Missing Satoshi Nakamoto Statue Is Recovered in Lugano2025-08-04 17:23:01
- BNB Tops $760 Amid Corporate Adoption and New Binance Features2025-08-04 17:22:53
- ATOM Rallies 2% on Bullish Breakout Amid Market Volatility2025-08-04 16:27:06
- Coinbase Crypto Momentum Stalls, Valuation Stretches: Cut to Sell at Compass Point2025-08-04 15:41:17
- Crypto Exchange Bullish Seeks to Raise Up to $629M in New York Share Sale2025-08-04 14:37:14