Bitcoin Flat Near $61K as Whales Continue to Accumulate; XRP Down 10% as SEC Appeals Case
Bitcoin (BTC) is trading above $61,100, remaining flat, while ether (ETH) has decreased by 4% to $2,390. The market is experiencing a sell-off influenced by geopolitical tensions following Iranian airstrikes on Israel. Despite this, large investors, or whales, are accumulating bitcoin at high rates, indicating anticipation of a future bull run. The CoinDesk 20 index fell over 3% as major cryptocurrencies faced selling pressure. Bitcoin ETFs saw outflows of $91.76 million, while ether ETFs had inflows of $14.45 million. XRP dropped over 10% after the SEC announced plans to appeal a court ruling regarding its regulatory authority over cryptocurrency markets. The memecoin mog saw minimal price changes despite mentions by Donald Trump. LDO, the token for Lido, fell nearly 9%, and AI-related tokens declined by 1.8% following OpenAI's fundraising announcement. Worldcoin, linked to Sam Altman, also dropped by 4%.
