Bitcoin is trading at $77,262, maintaining a narrow range between $76,500 and $77,900, as ETF outflows continue to exert pressure. BlackRock's IBIT saw $61.5 million in redemptions, contributing to a four-day streak of $70.5 million in total outflows. Ethereum remains above the $2,000 mark, trading at $2,128, with low trading volumes indicating cautious market sentiment.
NEAR Protocol has surged over 10% following the announcement of a dynamic resharding upgrade, which enhances its blockchain's scalability and security. The upgrade, scheduled for June, has attracted institutional interest, with Bitwise's NEAR Staking ETP seeing $7 million in inflows. Meanwhile, XRP and Hyperliquid's HYPE token have experienced modest declines, reflecting broader altcoin market weakness.
Bitcoin Holds Above $77K Amid ETF Outflows; NEAR Surges 10%
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
