Crypto Today: Bitcoin, Ethereum and XRP edge lower despite strong institutional buying

• Bitcoin slides and trades below $83,000 on Monday as headwinds return, undeterred by $2.4 billion in weekly ETF inflows.
• Ethereum sellers return as price slips below $2,650, even as steady institutional support persists through spot ETFs.
• XRP retreats 10% from its September highs near $1.66, hovering below $1.50 while aligning with weakening momentum indicators.

Cryptocurrency prices are broadly moderating on Monday, with Bitcoin (BTC) hovering below $83,000 at the time of writing. Ethereum (ETH) and Ripple (XRP) reflect BTC’s weakness, as sellers return, pushing prices below $2,650 and $1.50, respectively.

The next few days will indicate the crypto market's direction after last week’s rally. For Bitcoin, traders should watch the $80,000 level, which, if broken, could deepen the sell-off, while defending the area as support may trigger fresh buying and a subsequent rally.

Crypto ETFs attract strong institutional demand

Bitcoin spot Exchange-Traded Funds (ETFs) posted another successful week, with inflows to $2.4 billion last week, from a mere $6.2 million the previous week. Cumulative inflows ticked up near $58 billion, with net assets under management averaging $108 billion, according to SoSoValue data. The surge in institutional demand supports a short to medium-term bullish outlook and provides trend support.