Ethereum (ETH) has outperformed the top 10 cryptocurrencies since the crypto market began a recovery last week. On a weekly timeframe, the top altcoin is seeing an 8% gain, compared to 2.4%, 1.4%, 1.6%, -1.8% and -3.5% for Bitcoin (BTC), BNB, XRP, Solana (SOL) and Hyperliquid (HYPE).
Ondo Finance (ONDO) edges higher toward the nearest resistance at $0.40 at the time of writing on Thursday. The rally follows the network’s strategic partnership with Japan’s SBI Group, shrugging off a broader cool-down in the cryptocurrency market.
Cryptocurrencies are broadly consolidating on Thursday, while Bitcoin (BTC) retreats toward support at $64,000. Ethereum (ETH) hovers below $1,800, with its upside seemingly limited, following a macro-driven rally.
Bitcoin (BTC) slips below $64,000 at the time of writing on Thursday after failing to close above the 50-day Exponential Moving Average (EMA) near $65,120 the previous day.
Pyth Network (PYTH) recovers nearly 5% on Thursday, approaching the $0.05000 psychological mark. The Wednesday release of SK Hynix and Lumentum perpetual futures on Coinbase, powered by Pyth Network, lifts retail demand.
Cardano (ADA) trades slightly lower around $0.161 on Thursday after a mild rejection the previous day. Despite the price pullback, on-chain data show that wallets holding ADA tokens are accumulating, signaling growing confidence among large investors.
Lido DAO (LDO) extends a four-day rally with nearly 4% gains on Thursday, emerging as a top performer so far this week.
Pi Network (PI) price continues to maintain a consolidative tone on Thursday, halting the prevailing declining trend near a descending support trendline around $0.0730. The announcement of the upcoming mainnet upgrade to the Stellar Protocol version 25 helps limit the selling pressure.
The broader cryptocurrency market shows early signs of recovery, with Bitcoin (BTC) testing a breakout above its 50-day Exponential Moving Average (EMA) around $65,136.
Bitcoin's (BTC) recent recovery may mark the early stages of a bottoming process as macroeconomic data continues to boost investor confidence, according to a Glassnode report on Wednesday.
Ethereum (ETH) treasury firm BitMine Immersion Technologies (BMNR) saw over $45.7 million in staking and validation revenue in the quarter that ended May 31, according to a 10-Q filing with the Securities and Exchange Commission (SEC).
Bitcoin rose above the $65,000 mark on Wednesday after the latest US wholesale inflation data came in cooler than expected.
Bitcoin (BTC) edges higher on Wednesday, while Gold (XAU) holds above the critical psychological support at $4,000. Signs of easing inflation in the world’s largest economy appear to be boosting risk-on sentiment as attention shifts from geopolitical tensions in the Middle East.
Ripple (XRP) holds above support reclaimed at $1.10 at the time of writing on Wednesday, extending its rally after the US Producer Price Index (PPI) data for June showed that price pressures in the world’s largest economy are cooling.
The cryptocurrency market pauses on Wednesday, following a brief, macro-driven rally the previous day. Bitcoin (BTC) is consolidating above $64,500, signaling waning bullish momentum and increased profit-taking as sellers emerge.
Chainlink (LINK) price edges higher on Wednesday, holding its 5% gains from the previous day. Retail speculative demand for LINK is rising, with its futures Open Interest up 6% over the past 24 hours.
Bitcoin (BTC) is near the key technical resistance zone around $65,160 on Wednesday as softer-than-expected US inflation data improves risk sentiment across the crypto market.
Solana (SOL) price advances above its 50-day Exponential Moving Average (EMA) at $76.82, following a 4% rebound the previous day.
Jupiter (JUP) extends its recovery, trading above $0.210 on Wednesday after finding support near $0.200 earlier this week.
Pi Network (PI) hovers above $0.07500 on Wednesday, showing early signs of a rebound from a key support zone after over two weeks of steady decline.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) trade with a mild positive bias on Wednesday as sentiment improves across the cryptocurrency market.
The broader cryptocurrency market shows near-term recovery signals with a weaker-than-expected US Consumer Price Index (CPI) report for June, easing inflation risks.
The US Securities and Exchange Commission's (SEC) Crypto Task Force met with representatives from the Hyperliquid Policy Center, XYZ Ltd., which operates Trade[XYZ] and Sullivan & Cromwell LLP to discuss regulatory approaches to digital assets, according to a memorandum released Tuesday.
Ethereum (ETH) jumped more than 7% above $1,850 on Tuesday following a weaker-than-expected US Consumer Price Index (CPI) report for June.
The crypto market posted gains on Tuesday following the release of the US Consumer Price Index (CPI) report for June, which showed that inflation cooled below market expectations.
Bonk (BONK) is gaining momentum, trading around $0.0000039 at the time of writing on Tuesday. The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) declined by 0.4% in June on a seasonally-adjusted basis, marking the sharpest monthly decrease since April 2020.
Ripple (XRP) shows subtle signs of recovery above $1.05 on Tuesday, with the move to around $1.07 ending three straight days of losses amid a pressured broader cryptocurrency market.
The cryptocurrency market continues to trade under pressure despite a mild and broad rebound on Tuesday. Bitcoin (BTC) hovers around $62,500 amid prevalent sideways trading.
Curve DAO (CRV) price is up 4% on Tuesday, extending its 3% gains from the previous day to emerge as the best-performing altcoin over the last 24 hours.
Bitcoin (BTC) remains under pressure, trading at $62,600 on Tuesday after slipping over 2% in the previous day. The bearish bias is further fueled by renewed geopolitical tensions between the US and Iran, which have dampened risk appetite.