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Crypto Market Softens As Bitcoin Holds $103K And Altcoins Lag
(MENAFN- The Rio Times) After a choppy Tuesday, crypto markets opened softer on Wednesday with Bitcoin steady near $103,400 (-1.6% 24h) while most large-caps bled lower.
Ethereum slipped to about $3,449 (-3.2%), Solana retreated to $156 (-5.3%), XRP eased to $2.39 (-3.2%), and Litecoin hovered just under $100 (-2.9%). Turnover concentrated in BTC and ETH, with lighter but brisk activity in SOL.
The immediate driver was a split in exchange-traded fund flows: U.S. spot-bitcoin funds swung back to meaningful net inflows on Tuesday, stabilizing BTC above the psychologically important $100,000 line, even as ether funds saw net outflows that weighed on ETH/BTC.
That divergence reinforced a familiar pattern-institutions preferring the asset with the clearest regulatory path and track record, while more experimental corners of the market feel the downdraft. The undertone favors discipline and balance-sheet strength over grand policy experiments.
On the day's leaderboard, a handful of small caps posted eye-catching moves-ALLO surged more than 1,600% on thin liquidity-while decliners included AIA (-35%), TRUST (-10%), and TRUMP (-7%).
Such extremes underline the bifurcated backdrop: investors are rewarding hard catalysts and punishing hype. Technical signals argue for patience.
Crypto stays corrective as momentum fades
On the four-hour Bitcoin chart, price sits below short moving averages with a downward MACD cross and an RSI around mid-40s-range-to-soft momentum unless bulls reclaim $104k–$105k.
The daily chart remains in a corrective phase with lower highs since early October; a close back above $105k–$107k would improve tone, while a break of $101k–$100k risks opening the lower Bollinger band.
Ethereum shows similar momentum loss; it needs $3,550–$3,600 to steady. Solana's near-term supports cluster at $150–$152 with resistance at $162–$165. XRP's pivot sits around $2.50–$2.55; Litecoin's is $102–$105.
Near-term, watch whether bitcoin ETF inflows persist and whether ether funds stabilize. If BTC can clear layered resistance while outflows from ETH ease, breadth should improve.
Until then, rallies are likely to be faded, with capital gravitating toward assets and issuers that keep their promises and their risks in check.
Ethereum slipped to about $3,449 (-3.2%), Solana retreated to $156 (-5.3%), XRP eased to $2.39 (-3.2%), and Litecoin hovered just under $100 (-2.9%). Turnover concentrated in BTC and ETH, with lighter but brisk activity in SOL.
The immediate driver was a split in exchange-traded fund flows: U.S. spot-bitcoin funds swung back to meaningful net inflows on Tuesday, stabilizing BTC above the psychologically important $100,000 line, even as ether funds saw net outflows that weighed on ETH/BTC.
That divergence reinforced a familiar pattern-institutions preferring the asset with the clearest regulatory path and track record, while more experimental corners of the market feel the downdraft. The undertone favors discipline and balance-sheet strength over grand policy experiments.
On the day's leaderboard, a handful of small caps posted eye-catching moves-ALLO surged more than 1,600% on thin liquidity-while decliners included AIA (-35%), TRUST (-10%), and TRUMP (-7%).
Such extremes underline the bifurcated backdrop: investors are rewarding hard catalysts and punishing hype. Technical signals argue for patience.
Crypto stays corrective as momentum fades
On the four-hour Bitcoin chart, price sits below short moving averages with a downward MACD cross and an RSI around mid-40s-range-to-soft momentum unless bulls reclaim $104k–$105k.
The daily chart remains in a corrective phase with lower highs since early October; a close back above $105k–$107k would improve tone, while a break of $101k–$100k risks opening the lower Bollinger band.
Ethereum shows similar momentum loss; it needs $3,550–$3,600 to steady. Solana's near-term supports cluster at $150–$152 with resistance at $162–$165. XRP's pivot sits around $2.50–$2.55; Litecoin's is $102–$105.
Near-term, watch whether bitcoin ETF inflows persist and whether ether funds stabilize. If BTC can clear layered resistance while outflows from ETH ease, breadth should improve.
Until then, rallies are likely to be faded, with capital gravitating toward assets and issuers that keep their promises and their risks in check.
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