Institutional LiquidityConcentrates in Bitcoin and Ethereum as Total Market Cap Slips
The total crypto market cap fell 0.82% to $2.59 trillion over the past 24 hours. This decline occurred despite Bitcoin trading at $73,877.63, up 1.1%, and Ethereum trading at $2,318.48, up 2.4%. Solana also rose 3.4% to $82.99. The broader market softness was driven by assets like XRP, which fell 1.4% to $1.35. These diverging moves indicate that capital flows concentrated in the most liquid major assets rather than lifting the market evenly. The shift was supported by a broader improvement in risk appetite and the filing of the first bitcoin ETF product by Goldman Sachs. U.S. spot bitcoin ETFs saw a net $146.0 million inflow on April 14, while spot ether ETFs recorded a $3.3 million inflow. Bitcoin dominance stood at 57.3% and Ethereum dominance at 10.8%.
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