- Bitcoin, Ethereum, and XRP hold steady ahead of the Federal Reserve's monetary policy meeting:
The Federal Reserve is expected to announce its next interest rate decision on December 10, with markets—including crypto markets—pricing in an 87% probability of a 25 basis point rate cut from 3.75-4.00% to 3.50-3.75%.
If the majority of Fed officials vote in favor of a 25 basis point rate cut, this would mark the third rate reduction this year, following cuts in September and October. Market participants point to a slowdown in the US labor market and a slight decrease in inflation as the two main factors supporting a rate cut.
FedWatch Tool | Source: CME Group
Federal Reserve Chair Jerome Powell stated in October that a December rate cut is not guaranteed, and that the central bank will base its decision on economic data. The uncertainty surrounding the Fed’s monetary policy has caused volatility in crypto markets, with Bitcoin’s price dropping to nearly $80,000 on November 21.
Since then, Bitcoin has rebounded to over $90,000, though it remains below the short-term resistance level of $94,150. Ethereum is showing strength, although its gains are capped below $3,200, while (XRP) is approaching $2.00 at the time of writing.

- Altcoin Update: Ethereum and XRP Poised to Regain Momentum:
Ethereum is trading above the $3,200 level at the time of writing on Thursday, supported by a rebound in ETF inflows and moderately positive sentiment in the broader cryptocurrency market.
The Relative Strength Index (RSI) at 52 has entered the bullish zone on the daily chart, indicating that bulls are gaining momentum. At the same time, the MACD indicator maintains a buy signal with the blue line above the red signal line. Increasing green histogram bars further reinforce the bullish momentum.
However, the smart contract token is also settling below the 50-day Exponential Moving Average at $3,361, the 200-day EMA at $3,476, and the 100-day EMA at $3,560, supporting a bearish trend. A reversal below the overall support level of $3,000 remains possible unless Ethereum turns its 50-day EMA into a support level.
ETH/USDT Daily Chart
Meanwhile, Ripple (XRP) is trading below the declining 50-day EMA at $2.31, the 100-day EMA at $2.47, and the 200-day EMA at $2.49, confirming a bearish bias. The MACD indicator’s histogram bars show a slight positive signal on the daily chart, with the blue line just above the red signal line, indicating a temporary momentum correction.
XRP/USD Daily Chart
The Relative Strength Index (RSI) at 47 (neutral) is declining, suggesting limited continuation without new buying pressure. Furthermore, bearish pressure may persist as the SuperTrend level at $2.40 blocks recovery attempts.

- Data in the Spotlight: Stability of Bitcoin, Ethereum, and XRP Indicates Easing Selling Pressure:
Bitcoin exchange-traded funds ((ETFs)) operating in the United States recorded outflows of about $15 million on Wednesday, breaking a five-day streak of consecutive inflows.
BlackRock’s IBIT was the only ETF to see inflows, with nearly $42 million flowing in. The ARKB fund by 21Shares was the worst-performing ETF with outflows totaling $37 million, according to data from SoSoValue.
Bitcoin ETF Statistics | Source: SoSoValue
Spot Ethereum ETFs saw inflows of $140 million on Wednesday, after recording outflows for two consecutive days. On Tuesday, total outflows were $10 million, while Monday saw $79 million in outflows. The average cumulative net inflow is $13 billion, with net assets of $19.7 billion as of December 3.
Ethereum ETF Statistics | Source: SoSoValue
On the other hand, XRP continues to achieve steady inflows from exchange-traded products, indicating a potential shift in investor interest toward altcoin-based investment products. As shown in the chart below, US-listed XRP ETFs recorded inflows of about $50 million on Wednesday, continuing their 13-day winning streak. So far, total inflows for XRP ETFs have reached $874 million, with net assets amounting to $906 million.
XRP ETF Statistics.
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- Data in the Spotlight: Bitcoin Eyes the Next Recovery Phase Thanks to Moderate ETF Inflows:
Bitcoin exchange-traded funds (ETFs) saw inflows for the fifth consecutive day on Tuesday. Data from SoSoValue shows that US-listed Bitcoin ETFs (ETFs) recorded inflows of around $59 million, bringing the total inflows to approximately $58 billion, with an average net asset value of $120 billion.
Bitcoin ETF Statistics | Source: SoSoValue
Despite the moderate and steady ETF (ETFs) inflows, retail interest in Bitcoin remains noticeably low. Data from CoinGlass indicates that the open interest (OI) in Bitcoin futures amounted to $59 billion on Wednesday, down 34% from about $90 billion on October 10. This steady increase in open interest (OI) is an indicator of retail interest and confidence, which plays a key role in sustaining price rallies.
Bitcoin Open Interest | Source: CoinGlass
Institutional demand for Ethereum declined on Monday, as US-listed ETFs posted outflows of $79 million. The downward trend continued into Tuesday, reflected by outflows of nearly $10 million. The cumulative net inflows stand at $12.86 billion, with net assets of $18.66 billion.
Ethereum ETF Statistics | Source: SoSoValue
On the other hand, XRP continues to see steady inflows from ETFs, indicating a potential shift in investor interest toward altcoin-based investment products. As shown in the chart below, US-listed XRP ETFs recorded inflows of about $68 million on Tuesday, continuing a 12-day streak of gains. So far, total inflows into XRP ETFs amount to $824 million, with net assets of $845 million.
XRP ETF Statistics.

- rise in risk-averse sentiment in Bitcoin derivations
In light of macroeconomic fluctuations, the derivatives market is experiencing a decline in investor confidence. Data from CoinGlass shows that the open interest (OI) for Bitcoin futures contracts has decreased by 2.17% in the past twenty-four hours to reach $56.48 billion, indicating that traders are reducing their risk-exposed capital as expectations for a market recovery fade.
Additionally, long liquidations worth $178.85 million surpassed short liquidations worth $54.33 million in the last 24 hours, indicating a larger clearing of positions associated with the rise.
Bitcoin derivative data. Source: CoinGlass
- Is it possible for the price of Bitcoin to rise?
Although the data from the US manufacturing Purchasing Managers' Index released by the Institute for Supply Management for November, published on Monday, came in below expectations, the CME Group's FedWatch tool indicated an 87% chance that the Federal Reserve would cut interest rates by 25 basis points to 3.50%-3.75% at the meeting on December 9-10. Typically, a cut in interest rates allows investors to increase their risk tolerance with the lower cost of borrowing capital.
FedWatch Tool. Source: CME Group.
In such a case, U.S. Bitcoin ETFs ( may witness significant inflows, which could boost overall market sentiment. As of Monday, the total assets of U.S. Bitcoin ETFs ) reached $111.94 billion, after four consecutive days of inflows.
Data on Bitcoin exchange-traded funds.