Bitcoin (BTC) trades broadly between support at $82,500 and resistance at $85,000. The lockstep trading continues on Thursday, as bulls push for a breakout toward the upper range limit.
Bitcoin (BTC) struggles and consolidates below $84,000 at the time of writing on Thursday after failing to close above the $85,000 resistance zone the previous day.
NEAR Protocol (NEAR) extends gains by 3% on Thursday after the 9% rise the previous day. The launch of the NEAR-focused Bitwise Exchange-Traded Fund (ETF) on Tuesday saw nearly $50 million in inflows in two trading sessions, suggesting strong demand.
Hyperliquid (HYPE) is down 2% at press time on Thursday, trimming its 5% gains from the previous day. Institutional demand is easing, with $5 million in outflows on Wednesday, weighing on near-term investors' sentiment.
Ripple (XRP) remains under pressure, slipping below $1.500 on Thursday while Stellar (XLM) extends its rebound, trading around $0.227 but facing resistance amid mixed market sentiment.
Pi Network (PI) ticks lower on Thursday after two consecutive days of mild recovery, testing the 50-day Exponential Moving Average (EMA) at $0.0917.
Bitwise CIO Matt Hougan stated Wednesday that the crypto market has rallied since the US Senate failed to advance the CLARITY Act, arguing that the legislation’s collapse allowed regulators to move faster on industry rules.
Ethereum (ETH) remains range-bound on Wednesday, with leverage capital continuing to dwindle despite lower-than-expected inflation data.
Bitcoin (BTC) is holding above key support levels, but a growing concentration of sell orders between $85,000 and $85,500 on Binance is preventing the top crypto from extending its recent advance, according to on-chain analytics firm Glassnode.
Over the years, investors have leveraged the Bitcoin (BTC) 4-year cycle, buying at bear-market bottoms and taking profits at bull-market tops.
Ripple (XRP) is gaining momentum above $1.50 at the time of writing on Wednesday, as the cryptocurrency extends stability following the cooldown from last week’s rally.
Bitcoin (BTC) trades lethargically on Wednesday, with bulls battling to defend the immediate $83,000 level as immediate support. Demand extends toward $80,000, which bulls must defend to restore the uptrend toward the September peak above $87,000.
Bitcoin (BTC) consolidates near $83,000 at the time of writing on Wednesday after bulls failed to close above the key $85,000 level earlier this week. The Crypto King's investors remain cautious amid rising US Treasury yields and several key macroeconomic data releases due this week.
Pi Network (PI) edges above $0.0910 at press time on Wednesday, advancing the mild recovery from the previous day. The PI futures Open Interest shows a positional buildup, possibly supporting a rebound amid broader market risk-on sentiment.
Aave (AAVE) slips below $161 on Wednesday after surging more than 10% the previous day, with on-chain data suggesting increased profit-taking. Meanwhile, Aave founder Stani Kulechov is considering an AAVE token-burn mechanism under Aavenomics 3.0, adding a potential catalyst for AAVE.
Bitcoin's (BTC) bull market remains intact, but the rally is beginning to lose momentum after the top crypto hit an eight-month high of $87,400 last week.
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are showing signs of slowing bullish momentum mid-week after slight pullbacks from their recent highs.
Quant (QNT) maintains a strong bullish trend, trading around $290 on Wednesday, with bulls aiming to break above $300.
Ethereum (ETH) has shown signs of profit-taking near $2,700 over the past few days, with rising exchange deposits and a slowdown in exchange-traded fund (ETF) inflows ahead of US inflation and labor market data releases.
Increased adoption and effective revenue capture in crypto protocols could drive prices over the coming months, according to WisdomTree's Director of Digital Asset Research Dovile Silenskyte.
Pump.fun (PUMP) extends its rally near $0.0060 on Tuesday, indicating growing risk-on sentiment. The meme coin launchpad is also seeing rising user engagement, adding support to the current bullish outlook.
Ripple (XRP) shows signs of stabilizing after reclaiming support at $1.50 on Tuesday. A robust technical structure underpins the token’s short to medium-term bullish outlook.
Ripple (XRP), Cardano (ADA), and Solana (SOL) are trading in the green on Tuesday, recovering after a bearish start to the week. The mild recovery in Ripple and Solana aligns with steady institutional demand, while Cardano prepares for a potential bullish breakout of an overhead trendline.
The cryptocurrency market upholds a neutral-to-bullish bias on Tuesday, with Bitcoin (BTC) edging closer to a breakout above $84,000. Altcoins mirror BTC’s outlook, with Ethereum (ETH) holding above $2,700 and Ripple (XRP) pushing past the reclaimed $1.50 level.
Bitcoin (BTC) reclaims $84,000 at the time of writing on Tuesday following mild losses the previous day. Continued institutional and corporate demand, along with smaller profit-taking activity on Monday, could ease selling pressure and support Crypto King’s recovery.
Pi Network (PI) shows a mild recovery of nearly 2% on Tuesday, after losing over 2% the previous day. The broader cryptocurrency market retains a risk-on tone, hinting at potential upside for altcoins.
Chainlink (LINK) edges below $15.00 on Tuesday, trimming its 10% gains from the previous day, driven by the launch of its new Cross-Chain Interoperability Protocol (CCIP) 2.0 and Swift ledger integration for tokenized deposits and 24/7 cross-border payments.
Ripple (XRP) and Stellar (XLM) remain under pressure on Tuesday as bulls struggle to sustain recent gains. XRP extends its decline below $1.480 after three consecutive losing days, while XLM faces rejection near the $0.234 resistance zone.
Hyperliquid (HYPE) faces intense selling pressure, declining nearly 2% on Tuesday after losing over 5% the previous day. The institutional demand for HYPE continues to fluctuate, risking a net-negative monthly flow in September.
NEAR Intents, a cross-chain trading protocol, has blocked more than $50 million in attempted laundering flows linked to the recent Bitget exploit, while freezing $503,000 during the execution process.