- Cryptocurrencies Today: Temporary Halt in Bitcoin, Ethereum, and XRP Price Rises Amid Overall Demand Decline:

Cryptocurrency prices are experiencing noticeable weakness on Thursday, following a significant rally this week that saw Bitcoin (BTC) reach $82,850 for the first time in three months. The "King of Cryptocurrencies" is currently trading above $81,000, and its rise appears limited as demand from individuals and institutions wanes.

Altcoins, including Ethereum (ETH) and Ripple (XRP), show similar weakness to Bitcoin, indicating that their recovery may need a breather before gaining momentum. Ethereum maintains its price above $2,300 after briefly surpassing the key $2,400 level, while Ripple holds its price above the immediate support level of $1.40.

- Major Cryptocurrencies Struggle to Maintain Momentum Amid Demand Decline
Bitcoin's rally to $82,850 is partly attributed to increased risk-taking by investors through ETFs and derivatives listed in the United States. Bitcoin ETFs have reflected this appetite, with inflows reaching $630 million on Friday, $532 million on Monday, and $467 million on Tuesday.

However, interest appears to be waning, with inflows dropping to just $46 million on Wednesday. The total inflows currently amount to $59.76 billion, while net assets under management stand at $108.76 billion. Further declines in institutional interest could pressure Bitcoin and limit its gains.

Bitcoin ETF Inflows | Source: SoSoValue

Bitcoin derivatives also saw a slight decrease in interest, with open interest in perpetual futures contracts falling to $62.12 billion on Thursday from $64.17 billion the previous day.

Daily Trading Data for Bitcoin Futures | Source: CoinGlass

Ethereum spot ETF inflows were low on Wednesday, totaling $12 million, after attracting nearly $101 million on Friday, $61 million on Monday, and about $98 million on Tuesday. The average cumulative inflows amount to $12.19 billion, with net assets under management at $14.01 billion.

Ethereum ETF Inflows | Source: SoSoValue

Meanwhile, spot XRP ETFs are experiencing increasing inflows this week, totaling $3.87 million on Monday, $11.28 million on Tuesday, and $13.03 million on Wednesday. The average cumulative inflows are $1.32 billion, with net assets under management at $1.11 billion.

XRP Inflows | Source: SoSoValue

Individual participation in XRP derivatives is steadily increasing, as evidenced by the rising open interest in futures contracts, which reached $2.61 billion on Thursday, up from $2.59 billion the previous day.

Daily XRP Futures Trading Data | Source: CoinGlass