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Bitcoin Backs Off $76,000 Peak With ETFs Absorbing Retail Selling

ETF buying meets profit taking as traders watch a $75,000 ceiling.

Overview

  • Bitcoin, which jumped to about $76,000 Tuesday, is now holding near $74,000 after more than $400 million in leveraged positions were liquidated.
  • U.S. spot Bitcoin ETFs took in roughly $411 million Tuesday, pushing cumulative net inflows above $56 billion since their January 2024 launch.
  • On-chain data show short‑term holders sent about 63,000 BTC to exchanges the same day, while institutional buyers absorbed supply through regulated funds.
  • Ethereum is retesting the key $2,400 threshold that analysts say must hold for a bullish turn, backed by recent ETF inflows and a stronger ETH-to-BTC ratio.
  • XRP stays locked in a $1.20–$1.40 range as Rakuten introduces XRP payments to 44 million users and 5 million merchants in Japan, with traders watching late‑April policy action tied to the CLARITY Act.