The crypto market has been under moderate but persistent pressure throughout Wednesday, losing 1.26% over the past 24 hours to $2.24 trillion. Prices of top coins are down, except for Toncoin, which adds 1.6% for the day and 19% for 30 days, and Tron .
The XRP price went back to $0.4640, the area of this month’s lows and a support level for the last twelve months. Sellers have been pushing quotes for the past five weeks. Earlier this year, the price broke key long-term support levels in the form of a trendline through the 2022 and 2023 lows and the 200 and 50-week averages. Without overall positivity in the crypto market, it could be a matter of days before the sell-off accelerates sharply.
Bitwise forecasts net inflows into spot ETH-ETFs in the US of $15bn in the first 18 months. Bloomberg expects trading in the new product to start on 2 July.