Bitcoin (BTC) trades below $63,000 on Friday, projecting a downside bias as selling pressure resurfaces. Ethereum (ETH) and Ripple (XRP) also take a bearish path, risking a drop below the 50-day Exponential Moving Average (EMA) at $1,856 and the $1.00 psychological support, respectively.
Top altcoins, including Ripple (XRP), Cardano (ADA), and Solana (SOL), are maintaining a bearish tone as the broader market remains risk-averse.
Bitcoin (BTC) holds above $65,000 at the time of writing on Monday, after recovering more than 2% last week, with bulls finding support around the 200-week Simple Moving Average (SMA). Strong spot Exchange Traded Funds (ETFs) inflows point to renewed institutional demand.