The cryptocurrency market remains sluggish despite recent inflows into spot Exchange-Traded Funds (ETFs). Bitcoin is hovering around its short-term support of $63,000, while Ethereum and Ripple are struggling to build momentum.
Although ETF inflows have picked up pace, with a total of $266 million on Monday and $222 million on Friday, the market's sentiment remains entrenched in fear. The Crypto Fear & Greed Index edged up to 27 from 24 but still indicates fear territory.
Ethereum has attracted capital inflows, with spot ETF outflows logging their third consecutive day of inflows, including roughly $15 million on Thursday and $29 million on Friday. However, the asset's price remains below its moving average resistance, retaining a mildly bearish near-term tone.