Bitcoin stalls at $63,000 as Ethereum, XRP, Dogecoin slip 2% on weak

Bitcoin hovered at $63,044, a 1.46% dip, keeping the market stuck near a key $63,000 support as spot Bitcoin ETFs attracted $233.1 million of net inflows on Thursday [1]. The broader crypto rally stalled, with Ethereum, XRP and Dogecoin each slipping up to 2%, highlighting the fragility of the recent upside.

ETF inflows and liquidation pressure

Spot Bitcoin ETFs recorded $233.1 million of net inflows on Thursday, the strongest weekly flow in recent sessions, while spot Ethereum ETFs added $13.3 million [1]. Despite the fresh capital, Coinglass data showed 94,015 traders were liquidated in the past 24 hours, wiping out $359.33 million [1]. The combination of fresh inflows and heavy liquidation suggests that new money is being absorbed by short‑term traders rather than sustaining a breakout above $63,000.

Market structure and technical outlook

Traders note that Bitcoin is forming lower highs while still respecting a trendline support near $63,000; a confirmed break below could open a path toward $58,000 [1]. Post‑FOMC weakness is also evident, with Bitcoin down 2.8% since the meeting, aligning with the historical pattern of 4%–5% declines after six of the last seven FOMC events [1]. Analysts warn that a breach of $60,000–$61,000 may trigger a retest of recent lows, while a sustained hold above $63,000 could stabilize the market for the month [1].

Token‑specific moves

Ethereum, XRP and Dogecoin each fell up to 2% despite the ETF inflows, underscoring a broader market pullback. Top gainers over the same period included meme‑focused tokens like MemeCore and Audiera, indicating a shift of capital toward higher‑risk, lower‑priced assets [1].

What to watch

• Bitcoin breaking below $63,000 support could test the $58,000 level.
• A sustained move under $60,000–$61,000 may invite a retest of the recent lows around $58,000.
• Upcoming spot ETF inflow data and any further large‑scale liquidations will signal whether the market can break the current range.

The price action shows that fresh ETF capital is insufficient to lift Bitcoin beyond its near‑term ceiling, and the market remains vulnerable to technical breakdowns and post‑FOMC weakness. The next few days of price and flow data will reveal whether the $63,000 support holds or gives way to a deeper correction.