Crypto traders seek shelter in bitcoin (BTC) as altcoins slide, ETF flows wobble: Crypto Daily
Summary
Bitcoin dominance reached 60%, its highest level since May, as investors favored BTC while smaller tokens weakened. Bitcoin fell below $82,000 after briefly topping $84,000, while major cryptocurrencies were mostly little changed over the week. Analysts said markets are awaiting a fresh catalyst, with macroeconomic conditions still influential. One exchange executive cautioned that volatile ETF flows do not yet confirm a recovery and advised against chasing rallies. The Federal Reserve is due to decide on interest rates next week. Separately, XRP traded below its Ichimoku cloud, suggesting bearish momentum and possible further losses if it remains below that level.
