Crypto markets experienced a significant downturn, with Bitcoin (BTC) and Ethereum (ETH) leading the decline as spot ETFs recorded substantial outflows totaling over $1.1 billion. Major altcoins like XRP, BNB, and SHIB also faced downward pressure and specific concerns, including whale movements and security alerts. Institutional developments, such as Citi's custody plans and WisdomTree's ETP launch, provided a counterpoint amidst the broader market weakness.
Key Developments
- Crypto markets experienced widespread declines and significant liquidations across major assets.
- Bitcoin (BTC) and Ethereum (ETH) spot ETFs saw substantial outflows, totaling over $1.1 billion.
- Institutional interest continues with Citi's 2026 crypto custody plans and WisdomTree's Stellar Lumens ETP launch in Europe.
- XRP faced renewed crash fears due to whale movements and analyst warnings, while SHIB was targeted by fake sites.
- Metaplanet's market value reportedly fell 70%, now trading below its Bitcoin reserves.
Next 6 Hour Outlook
The market is likely to remain volatile in the next 6-12 hours, with potential for further price corrections if ETF outflows persist, though institutional developments may offer some underlying support.
Top Tickers
BTC
ETH
XRP
BNB
DOGE
SHIB