Here's the latest on cryptocurrency news:
*Market Overview*
The crypto market is experiencing a consolidation phase, with Bitcoin and major altcoins trading sideways amid broader risk aversion tied to AI stock concerns and macroeconomic uncertainty. The total market capitalization sits around $3.07-3.13 trillion, down slightly in the last 24 hours ¹.
*Bitcoin (BTC)*
- Price: around $90,200, down 0.16% in the past day
- Resistance: $93,000, support: $88,000
- Analysts predict a potential breakout, but volatility persists
*Ethereum (ETH)*
- Price: around $3,115, stable to slightly up
- Resistance: $3,350-$3,450 by year-end
- Institutional demand drives growth, DeFi dominance
*Other News*
- Crypto ETPs recorded $716 million in weekly inflows, pushing total assets under management to $180 billion
- Bitcoin led with $552 million in inflows, Ethereum followed with $338 million
- XRP and Chainlink saw strong demand
- Standard Chartered slashed year-end forecast from $200,000 to $100,000
- Institutional adoption grows, with Brazil's largest asset manager recommending up to 3% portfolio allocation to BTC
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