Cryptocurrency Summary

Asian shares have slipped following Wall Street's worst day in three weeks, impacting global markets. Meanwhile, Bitcoin is currently trading near $89,000 as traders are reportedly stepping back and balancing their positions.

In the altcoin space, Ethereum, Solana, and Cardano have seen declines as traders engage in profit-taking, particularly following Bitcoin's recent uptrend. Dogecoin and other memecoins are also experiencing downward pressure as traders pare back risk bets.

Interestingly, XRP Spot ETFs have been attracting a 30-day inflow streak, diverging from trends observed in Bitcoin and Ether. In related news, there are ongoing discussions regarding compliance and consumer trust in crypto ATMs, as well as insights into how oil-rich investors are potentially fueling Bitcoin's next liquidity wave.

Lastly, an investigation revealed that after Trump's return to office, the SEC has eased or dismissed over 60% of ongoing crypto cases, including those involving Trump-linked companies.