The crypto market saw significant activity over the last 6 hours, with Bitcoin ETFs attracting $2.7 billion in inflows, signaling strong institutional interest. BNB surged to a new all-time high, driven by strong on-chain activity and Binance's $283 million compensation payout. XRP experienced considerable volatility, including a 100% wick on Binance, but showed signs of recovery, climbing 10% in a rally. The broader market is recovering from a recent crash, with several altcoins like DOGE, ADA, and LTC also seeing gains.
Key Developments
- Bitcoin ETFs recorded $2.7 billion in inflows, with BlackRock's IBIT poised for rapid AUM growth.
- BNB achieved a new all-time high, supported by Binance's $283 million compensation and strong on-chain metrics.
- XRP displayed extreme price volatility, including a significant wick, but subsequently rallied by 10%.
- Institutional interest in crypto remains high, with Morgan Stanley recommending 4% Bitcoin allocation and Galaxy Digital pursuing a dual crypto/AI strategy.
- ViaBTC launched enhanced collateralized loan services for global miners, primarily for BTC.
Next 6 Hour Outlook
The market is likely to consolidate recent gains as it processes significant institutional inflows and recovers from the recent crash, with continued volatility expected for specific altcoins like XRP.
Top Tickers
BTC
XRP
BNB
ETH
DOGE
LTC
ADA
UNI
SOL