Daily Crypto Roundup: Bitcoin Slides After Fed Shock, XRP ETF Hopes Grow & Ethereum ETF Outflows Hit

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Welcome back to the Daily Crypto Roundup. Today, we are going to take this market step by step, because this is exactly the kind of day where the headlines can mess with people's heads. Earlier this week, Bitcoin had a strong boost, Ethereum bounced, XRP started waking up again, Solana moved higher, and for a moment the market looked like it was ready to turn a corner. But now, as we sit here today, that excitement has cooled. Bitcoin is back around $62,600 after pushing above $66,000.
Ethereum is around $1,686 after getting close to $1,800.
XRP is back near $1.14 after pushing above $1.20.
Solana is around $68 after trading above $74.
So before we get carried away with anyone shouting bull market or crash, we need to understand what actually happened, why the move faded, and what the real stories are behind the price action. That is what we are going to do today.
First, we are going to look at the prices and where we are now compared with the boost earlier this week. Then we are going to move into the Federal Reserve, because that is the main reason the market has cooled off. After that, we will look at ETF outflows, because Bitcoin and Ethereum funds just lost $111 million combined. Then we will move into Algorand's post-quantum roadmap, which is not the loudest story today, but it is one of the most important long-term stories. And finally, we are going to finish with XRP, the ETF setup, the Clarity Act, and why that $4 billion to $8 billion inflow projection could be huge, but only if real institutional money actually arrives. And this is why you listen here. Because while people on X are talking rubbish, chasing candles, pretending every dip is the end of crypto and every bounce is the start of a supercycle, we are looking at the real stories. Not noise. Not engagement bait. Not recycled chart posts. The real stories are liquidity, ETF flows, regulation, institutional demand, and long-term network security. Before we get into the market properly, this episode is brought to you by Kraken. If you want a serious place to buy, sell and build your crypto portfolio, check out the Kraken link in the description. We are also giving away 20 XRP to listeners who sign up through the link, so use that if you are getting started or adding to your crypto setup. As always, only invest what you can afford to lose and make your own decisions. Right, let's start with where the market is now. Bitcoin is around $62,600.
Ethereum is around $1,686.
XRP is around $1.14.
Solana is around $68.
BNB is around $576.
Dogecoin is just over $0.08.
Cardano is around $0.16. Tron is holding up better than most at around $0.31.
Avalanche is around $6.29. And Chainlink is around $7.82.
So the first thing to understand is this. The market has not completely broken down, but the boost from earlier in the week has definitely faded. Bitcoin being above $62,000 is not disaster territory, but dropping from above $66,000 back into the low $62,000 area shows that the rally did not have enough strength to keep pushing. Ethereum is the same story. XRP had a nice move, but it has pulled back. Solana bounced, but then gave a chunk of it back. So now that we know where we are, the next question is obvious. Why did the market fade after looking stronger earlier in the week? That takes us straight to the Federal Reserve. The Fed held interest rates unchanged, which the market expected. The problem was not the decision itself. The problem was the tone. The Fed sounded more hawkish than investors wanted. Instead of giving the market confidence that rate cuts are coming soon, the message was basically, inflation is still a problem, we are not rushing and rates may need to stay higher for longer. That matters massively for crypto. Bitcoin, Ethereum, XRP, Solana and the rest of the market all trade better when liquidity expectations are improving. When investors think rate cuts are coming, risk assets usually get a boost. Money becomes cheaper, investors become more aggressive and crypto often benefits. But when the Fed sounds cautious or when rate cut hopes fade, money becomes more defensive. Traders take risk off the table. That is what we are seeing now.
And this is where the market gets interesting, because President Trump signing the interim Iran deal actually helped calm some geopolitical risk and lifted stocks. Normally, if geopolitical fear drops and stocks move higher, you might expect Bitcoin to follow. But crypto did not fully join the party. That tells us the Fed is more important than the Iran story right now. So the first big takeaway today is this. Crypto is not falling because every story is bearish. It is falling because the market had priced in more hope on rate cuts, and the Fed has just taken some of that hope away. Now that we understand the macro reason, let's move to the next piece of the puzzle. ETF Flows Bitcoin and Ethereum ETFs lost $111 million combined. Bitcoin ETFs saw around $82 million leave, and Ethereum ETFs lost around $29 million.