DOGE, XRP Lead Crypto Majors Decline as Bitcoin ETFs Bleed $80M
Dogecoin (DOGE) and XRP led losses among major tokens, dropping 5% and 4%, respectively, amid a broader market downturn as traders took profits. Bitcoin (BTC) failed to maintain a rally near $70,000, contributing to a nearly 2% decline in the CoinDesk 20 index. Traders anticipate a potential rise to $80,000 in the coming weeks, influenced by the upcoming U.S. elections. Mid-cap and low-cap tokens remained flat, while memecoin Bonk (BONK) and governance token APE fell over 7%. Key resistance levels for Bitcoin and a pause in stablecoin issuances were identified as factors slowing market momentum. Bitcoin ETFs experienced a net outflow of $80 million, with Ark Invest's ARKB seeing a record $134 million outflow. BlackRock's ether ETF gained $11 million, while other products showed minimal activity.
