- Cryptocurrency today: Bitcoin, Ethereum, and XRP are trading under continuous selling pressure despite slight inflows into exchange-traded funds:

Crypto prices remain under continuous pressure as risk aversion persists on Friday, with the price of Bitcoin (BTC) holding above $62,000. Meanwhile, alternative coins, including Ethereum (ETH) and Ripple (XRP), continue to decline, trading near lower support levels of about $1,600 and $1.12, respectively.

- The decline in optimism about a US-Iran peace agreement negatively affects risk appetite:
The United States and Iran appear to be far from reaching a friendly agreement to end the war that broke out in late February. Despite US President Donald Trump’s assurances to the world that the peace negotiations are going well and that an agreement is imminent, Iranian Foreign Minister Abbas Araghchi said on Wednesday that "no tangible progress has been made."

However, Araghchi added that lines of communication with the United States remain open, but warned that Israel’s continued attack on the Lebanese capital, Beirut, as part of its broader campaign against Hezbollah, could reignite a "full-scale" resumption of the US-Iran conflict.

Crypto market sentiment remains notably low, as reflected by the Fear and Greed Index, which settled at 12 points in the extreme fear zone on Friday. This index averaged 46 points in the fear zone last month, reflecting a slight increase in interest in digital assets in May.

Crypto Fear and Greed Index | Source: Alternative

Bitcoin saw a slight increase in institutional interest, with cash inflows into spot ETFs reaching $3 million on Thursday. Despite its small size, it represents the first inflow since May 15. This pullback among institutional investors aligns with the prevailing risk-averse mood, which has pushed Bitcoin toward the support level it hit in early February at $60,000. If inflows stabilize in the coming days and surpass the ongoing pressures, Bitcoin could regain momentum toward $70,000.

Bitcoin ETF Inflows | Source: SoSoValue

Meanwhile, spot Ethereum ETFs outperformed Bitcoin and XRP, attracting nearly $19 million in inflows on Thursday. SoSoValue data indicates that cumulative inflows increased to $11.21 billion from $11.19 billion on Wednesday. Net assets under management fell to $9.78 billion, compared with $9.96 billion in the same period.

Ethereum ETF Inflows | Source: SoSoValue

Institutional interest in spot XRP ETFs returned on Thursday amid slight internal inflows of $3.83 million. SoSoValue data shows that outflows totaled $5.34 million on Wednesday amid a broad sell-off that swept across the crypto market.
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