Bitcoin (BTC) recovers, trading above $77,000 after finding support around the key Exponential Moving Averages (EMAs) earlier this week. Fading institutional demand keeps the lid on Crypto King’s recovery as spot Exchange Traded Funds (ETFs) recorded continuous outflows so far this week.
Ethereum (ETH) is facing increasing selling pressure on the spot side following signs of cracks in US-Iran peace talks. With Oil prices surging higher, the top altcoin has failed to recover the $2,300 key level on Wednesday.
Dogecoin (DOGE) is trading in the red on Monday, erasing the 3% gains made on the previous day. Retail strength in the meme coin holds strong despite heavy long liquidations over the last 24 hours, anticipating a rebound.