Crypto goes red: BTC, ETH, XRP, SOL keep spiraling, but interest is still high
Bitcoin is currently hovering just above $83,000, amidst a wave of liquidations worth about $2 billion. Heavy outflows from spot ETFs followed, with $903.1 million leaving Bitcoin funds and $261.6 million exiting Ethereum products.
- Bitcoin’s realized losses have surged, mirroring the FTX collapse.
- Ethereum, Solana, and XRP face high selling volume.
- Institutional interest remains, considering the recent launch of an XRP-focused ETF on the NYSE.
Glassnode data shows Bitcoin’s realized losses have surged, similar to levels seen during the FTX collapse, as short-term holders unwind positions.
Ethereum is struggling around $2,700, with resistance at $3,200. Solana and Ripple’s XRP both declined below critical support levels with elevated selling volume.
Still, institutional interest in crypto products is strong despite broader weakness. An XRP-focused exchange-traded fund debuted this week, recording notable volume on its first day.
The Bitwise XRP ETF began trading on the New York Stock Exchange on Nov. 20, offering U.S. investors a way to invest in XRP without directly holding the token. On its first day, the ETF saw 1.14 million shares traded, totaling around $25 million in volume, below initial projections of $90 million due to market pressure.
The ETF is physically backed by XRP, held in custody by Coinbase, and aims to reduce manipulation risks by tracking the CME CF XRP-Dollar Reference Rate.
To attract early investors, Bitwise is waiving its 0.34% management fee for the first month on the first $500 million in assets. This launch builds on Bitwise’s expansion of its crypto product line, following a similar European XRP exchange-traded product introduced in 2022.
Crypto Snapshot
Large holders have been reducing positions, signaling caution during market volatility, according to analysts monitoring on-chain data.
Market participants are awaiting clearer technical signals to determine the next directional move for the following digital assets — each had a rough week.
| CRYPTOCURRENCY | PRICE | 7-DAY GAINS +/- |
| Bitcoin (BTC) | $84,800 | -11.6% |
| Ethereum (ETH) | $2,700 | -12.3% |
| Solana (SOL) | $129 | -8.3% |
| XRP (XRP) | $1.96 | -15% |
| BNB (BNB) | $827 | -10% |
| Cardano (ADA) | $0.4131 | -19% |
You May Also Like
Pi Network Price Prediction – PI Price Estimated to Drop to $0.146552 By Mar 25, 2026
Why The Green Bay Packers Must Take The Cleveland Browns Seriously — As Hard As That Might Be
