BTC, XRP, ETH Stay Stable Amid $590 Million Surge Into Bitcoin ETFs

Bitcoin Holds Firm Above $94K as ETF Inflows Surge, Traders Watch Economic Signals

Bitcoin remained stable above the $94,000 mark in Tuesday’s Asian trading hours, as crypto markets showed little movement despite a significant wave of institutional interest. U.S.-based Bitcoin ETFs brought in more than $590 million in net inflows on Monday, capping a six-day streak and the first full week of positive flows since late March.

The inflows underscore Bitcoin’s growing appeal as a hedge asset, particularly amid rising economic uncertainty. BlackRock’s IBIT stood out with a $970 million influx, while Ark’s ARKB saw a $200 million outflow, highlighting mixed sentiment among ETF investors.

Traders say Bitcoin’s ability to hold above $94K is critical, with a decisive breakout potentially paving the way toward the $100,000 milestone.

Elsewhere, XRP, Ether (ETH), Cardano (ADA), and BNB traded sideways, while Solana (SOL) slipped 2%. Monero (XMR), which spiked 40% on Monday, gave back 8.5%. The earlier surge followed reports from blockchain investigator ZachXBT that a hacker had converted $330 million in BTC into the privacy-centric token.

Among mid-cap tokens, Nexo (NEXO) rallied 8% after revealing plans to re-enter the U.S. market following a regulatory pause, this time with a new focus on AI-driven services.

Market participants remain cautious ahead of key U.S. economic data releases later this week, including figures on GDP growth, unemployment, and other indicators likely to shape risk sentiment.

“The crypto market is in a holding pattern,” said Jeff Mei, COO of BTSE, in a message to CoinDesk. “Traders are digesting last week’s gains while watching for signals in upcoming U.S. data.”

Mei also pointed to ongoing weakness in the U.S. dollar, which has dropped nearly 6% over the past month, its sharpest monthly decline since 2022. “Institutional investors are diversifying out of the dollar, which may be contributing to stronger demand for Bitcoin,” he added.

Meanwhile, a theory circulating online links Bitcoin’s price trajectory to a recent increase in M2 money supply — a broad measure of liquid money in the economy. While rising M2 can, in theory, drive up Bitcoin prices as investors seek protection from inflation, some experts are pushing back against oversimplified narratives.

“There’s more to the story than just chart overlays,” said Augustine Fan, head of insights at SignalPlus. “Still, we maintain a medium-term bullish view on BTC, largely due to anticipated monetary and fiscal easing in response to the economic slowdown driven by tariffs.”