Bitcoin Price Pullback Deepens, XRP Drops to $1.86 Despite $1.25B ETF Holdings

The cryptocurrency market faces renewed pressure as Bitcoin's recovery attempt loses momentum. The leading digital asset, Bitcoin (BTC), is struggling to maintain its rebound, signaling potential further downside. Concurrently, Ripple's XRP has seen a notable decline, falling to the $1.86 price level. This downward movement occurs against the backdrop of significant holdings in cryptocurrency Exchange-Traded Funds (ETFs), which have collectively amassed assets under management (AUM) of approximately $1.25 billion. The simultaneous retreat of both major assets, despite substantial institutional ETF investment, highlights ongoing market uncertainty and selling pressure. Analysts are closely monitoring key support levels for BTC and XRP to gauge the next directional move for the broader crypto sector.