XRP, Dogecoin Lead Daily Losses as Crypto Rally Cools
Bitcoin experienced a 1.3% decline, ending a five-day winning streak, with its price at $92,349. It reached highs of $94,500 but briefly fell below $92,000. In contrast, XRP and Dogecoin dropped by 5.5%, though they are up 2.5% and 10.8% for the week, respectively. The crypto market's rally has slowed amid uncertainties regarding Donald Trump's tariffs and a potential trade war with China, with no negotiations currently occurring. Trump's warning of possible "reciprocal" tariffs has contributed to market volatility. Bitcoin briefly dipped below $75,000 earlier this month due to a "sell everything" mentality. A new consortium, including SoftBank and Tether, aims to acquire Bitcoin with a 42,000 BTC fund. Bitcoin ETFs are seeing renewed institutional interest, with inflows reaching $913 million, the highest since January. Despite recent gains, Bitcoin remains 15% below its all-time high of $109,000.
