XRP Leads Market Gains as Bitcoin Nears $115K Amid Trump Tariffs Impacting Bullish Crypto Mood

Crypto markets saw early-week stabilization for major assets amid a backdrop of U.S. spot ETF outflows and renewed macroeconomic uncertainties. Bitcoin (BTC) recovered toward the $114,500 support zone after institutional-linked ETFs recorded nearly $1 billion in outflows across Thursday and Friday, following multi-week inflows earlier in July. Ether (ETH) mirrored this pattern, rebounding near $3,550 after $152 million in ETF outflows reset a month-long inflow streak. Market participants attributed the downturn to President Trump’s imposition of fresh Asia-Europe tariffs, which contrasted with Federal Reserve communications suggesting rate cuts remain off the table in the near term. Dip buyers emerged ahead of Asia trading hours, cushioning price declines as equity futures showed modest gains. Among altcoins, XRP led the advance with a 5.44% increase, trading near $2.99, followed by Dogecoin, Cardano, BNB and Solana, each rising over 1.2%. Traders noted that deeper secondary liquidity from professional desks dampened volatility compared with pre-ETF eras. Jeff Mei, COO of BTSE, highlighted that “opportunistic buyers stepped in before U.S. markets opened,” signaling that short-term sell-offs may have been overextended. Market depth metrics further indicated that significant bid walls in derivatives order books held price floors near key levels. Despite these recoveries, broader sentiment remained tentative as ETF participants continued to monitor macro headwinds and tariff-inflation spillovers. Outside crypto, U.S. equity futures rallied on hopes of an eventual policy pivot, while Treasury yields stabilized. Oil prices drifted lower post-OPEC output hikes, and the dollar weakened marginally on mixed economic data.