Cryptocurrency Price Movements Today: Bitcoin Tops $66K Amid Strong ETF Flows

After a flimsy dip Thursday, bitcoin (BTC) gained astir 4% successful Friday trading and is backmost supra $66,000.

It was different affirmative time for U.S. spot bitcoin exchange-traded costs (ETFs) connected Thursday, arsenic $84.8 cardinal flowed into these products, according to Farside Investors. This takes nan week's full inflows to $861.5 cardinal truthful far.

Optimism astir nan support and imaginable trading debut adjacent week of spot ether ETFs is besides growing, pushing ether (ETH) prices higher. Issuers of these products person unveiled their interest structure and now await a last motion from nan Securities and Exchange Commission (SEC). The autochthonal token of nan Ethereum blockchain was besides up astir 2% successful Friday trading.

XRP Gains Investor Favor

Outside of nan 2 largest crypto tokens by marketplace cap, XRP has been performing comparatively good lately, pinch nan replacement crypto plus up astir 10% complete nan week.

XRP has been performing peculiarly good successful South Korea, wherever nan integer plus accounted for 35% to 40% of each trading measurement connected 3 celebrated crypto exchanges location from Tuesday done Thursday, CoinDesk reported. Price speculation for XRP, utilized by blockchain exertion patient Ripple to facilitate transactions, has accrued up of a imaginable solution to Ripple's ineligible conflict pinch nan SEC over whether XRP is an unregistered security. Earlier this week, Ripple CEO Brad Garlinghouse told Bloomberg, "We expect solution very soon."

In addition, arsenic 1 of nan projects targeted by nan SEC pinch an enforcement action, immoderate marketplace observers expect XRP to use from a imaginable triumph of a pro-crypto Donald Trump successful nan U.S. statesmanlike elections.