Bitcoin bounces to $82,647 as inflation and ETF withdrawals weigh on crypto

Bitcoin , Ethereum , and XRP attempted to recover on Monday, following a volatile week pressured by persistent US inflation and continued withdrawals from crypto investment funds. Bitcoin traded at $82,647 as of Monday, extending its rebound from the 50-day Exponential Moving Average (EMA) at $80,607. This level has served as a critical short-term support, allowing buyers to stabilize after recent declines. Ethereum and XRP also worked to regain their footing, trading near important support zones after closing the previous week on a bearish note. However, investors remained cautious as macroeconomic pressures persisted. Despite the rebound, Bitcoin faces challenging resistance just ahead, particularly as concerns over persistent US inflation and policy uncertainty limit risk appetite. Exchange-traded fund (ETF) redemptions signaled lackluster interest from institutional investors using regulated products.

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