Bitcoin bounces to $82,647 as inflation and ETF withdrawals weigh on crypto

Bitcoin , Ethereum , and XRP attempted to recover on Monday, following a volatile week pressured by persistent US inflation and continued withdrawals from crypto investment funds. Bitcoin traded at $82,647 as of Monday, extending its rebound from the 50-day Exponential Moving Average (EMA) at $80,607. This level has served as a critical short-term support, allowing buyers to stabilize after recent declines. Ethereum and XRP also worked to regain their footing, trading near important support zones after closing the previous week on a bearish note. However, investors remained cautious as macroeconomic pressures persisted.

Source: CoinTurk News