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Bitcoin holds near $80,000 amid Middle East tensions and ETF outflows, while Ethereum and XRP show mixed signals.

Market News
08 May 2026
Benzinga
Neutral
pluang ai news

Bitcoin is trading around $80,000 despite escalating tensions in the Middle East and significant outflows from Bitcoin and Ethereum ETFs, breaking a five-day streak of inflows. Bitcoin ETFs saw $277.5 million in net outflows, and Ethereum ETFs had $103.5 million outflows. Market watchers note Bitcoin's value ratio hints at a nearing bear market end, while Ethereum risks dropping to $2,100 before rebounding. XRP is poised for a potential breakout after long consolidation, Solana may lead a recovery rally, and Dogecoin remains weak with possible dip-buying opportunities ahead.

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