Last Updated on 03/08/2026
Bitcoin retreats below the $64,000 mark despite renewed inflows into spot Bitcoin ETFs. Ethereum’s recovery remains limited below the 100-day EMA, with the decline extending beneath the $1,900 level. Meanwhile, XRP continues to trade sideways within the $1.05–$1.10 range, supported by more than $7 million in ETF inflows recorded so far this week.
The cryptocurrency market broadly moved lower on Friday as investors continued to weigh rising macroeconomic uncertainty and escalating geopolitical risks in the Middle East. Bitcoin (BTC) slipped below the $64,000 level after reaching a weekly high of $65,745, while major altcoins Ethereum (ETH) and Ripple (XRP) remained under pressure below $1,900 and $1.10, respectively.
Investor sentiment weakened further throughout the week, with the Crypto Fear & Greed Index falling to 25, placing the market firmly in “Fear” territory compared with 28 the previous day. The decline reflects cautious positioning as traders assess inflation risks, monetary policy uncertainty, and broader global tensions.
Despite the negative sentiment, institutional demand for crypto investment products remained resilient. The Federal Reserve kept interest rates unchanged at 3.50%–3.75% on Wednesday, although three officials pushed for a 25-basis-point increase, reigniting concerns over inflation and triggering volatility across financial markets.
According to analysts at Crypto Finance, these developments caused a sharp repricing in interest-rate expectations and equities before stronger corporate earnings helped stabilize investor confidence.
Meanwhile, spot crypto ETF inflows continued to improve. Bitcoin ETF inflows rose to $233 million on Thursday, up significantly from $32 million the previous day. Data from SoSoValue shows cumulative Bitcoin ETF inflows approaching $52 billion, highlighting continued long-term institutional confidence in the asset.
Ethereum ETFs saw more mixed activity, recording around $13 million in inflows on Thursday after experiencing $19 million in outflows on Wednesday. XRP ETFs also attracted stronger demand, with inflows climbing to nearly $6 million on Thursday and total weekly inflows exceeding $7 million, suggesting growing institutional interest despite broader market weakness.
Bitcoin Technical Outlook
Bitcoin is trading around $63,969, maintaining a bearish short-term structure as it remains below the 50-day, 100-day, and 200-day exponential moving averages (EMAs). The 50-day EMA near $64,904 represents the closest resistance level, while the 100-day EMA at $67,460 and the 200-day EMA around $72,977 remain key barriers for a potential recovery.
Momentum indicators continue to signal caution. The Relative Strength Index (RSI) remains slightly below the neutral zone, while the MACD histogram stays negative, indicating persistent downside pressure.
On the downside, Bitcoin lacks strong technical support on the current timeframe, leaving the market vulnerable to further declines toward previous lows and psychological levels around $62,000 and $60,000.
Analysts at Crypto Finance noted that while bears have struggled to gain strong momentum, the lack of a fresh bullish catalyst remains a significant challenge for Bitcoin’s recovery.
Ethereum Technical Outlook
Ethereum is trading near $1,890 after retreating from its weekly high of $1,981. The cryptocurrency remains capped below the 100-day EMA at approximately $1,932 and significantly below the 200-day EMA near $2,173, keeping the broader outlook bearish.
Although ETH is holding above the 50-day EMA around $1,850, sellers continue to defend the descending resistance trendline. The RSI near 54 indicates limited bullish momentum, while the MACD turning negative suggests further upside attempts may face resistance.
A breakout above the descending trendline could open the way toward $1,932 and eventually $2,173. However, a daily close below the 50-day EMA could increase downside risks toward $1,800 and $1,600.
XRP Technical Outlook
XRP is trading around $1.07, maintaining a bearish short-term outlook as it remains below its key moving averages. The price is trading beneath the 50-day EMA at $1.13, the 100-day EMA at $1.21, and the 200-day EMA at $1.41.
Momentum indicators remain weak, with the RSI near 44 and the MACD slightly negative, suggesting that any recovery attempts may encounter renewed selling pressure.
Immediate resistance is located near the 78.6% Fibonacci retracement level around $1.12, followed by the 50-day EMA at $1.13. A stronger recovery would require XRP to overcome resistance levels around $1.21, $1.28, and $1.34.
On the downside, the key support level remains near $1.01, corresponding to the 100% Fibonacci retracement area, where buyers may attempt to defend the previous swing low.
Overall, the crypto market remains under pressure as macro uncertainty and geopolitical risks weigh on sentiment. While ETF inflows indicate continued institutional interest, Bitcoin, Ethereum, and XRP must overcome key technical resistance levels to regain bullish momentum.
Leave a Reply