Cryptocurrency prices rose slightly during trading on Wednesday, despite continued weak investor appetite for crypto exchange-traded funds in the United States, indicating continued caution within the digital markets.
Bitcoin rose slightly by 0.15% to $80,904, with trading activity showing relative stability after recent waves of volatility.
Ethereum rose 0.6% to $2,298.32, Ripple climbed 1.45% to $1.46, and Dogecoin gained 1.72% to reach 11.22 cents.
Despite the positive performance of digital currencies, data from Sosuvalio showed continued pressure on exchange-traded funds (ETFs) linked to digital assets in the United States.
According to the data, Bitcoin exchange-traded funds (ETFs) recorded net withdrawals of $233 million during trading on Tuesday, while Ethereum funds saw outflows of $130.6 million, reflecting the continued tendency of some investors to reduce risks amid the uncertainty prevailing in global markets.
Analysts believe that the continued outflows from crypto funds indicate a temporary decline in institutional investment momentum, despite major cryptocurrencies maintaining relatively stable price levels.
Markets are also watching for any new signals regarding US monetary policy and interest rates, which remain among the most important factors affecting the performance of high-risk assets, especially cryptocurrencies.
