The Ethereum Foundation (EF) announced on Friday that it sold 10,000 ETH at an average price of $2,387 via an over-the-counter (OTC) transaction. The Foundation noted that Ethereum treasury firm BitMine Immersion was the counterparty to the transaction.
Bitcoin (BTC) treasury firm Nakamoto has launched an actively managed Bitcoin derivatives program, expanding its treasury strategy to include volatility-based income generation and downside risk management.
Aave (AAVE) trades around $93.33 as of writing on Friday, as the liquidity crunch within decentralized finance (DeFi) continues to ripple in the sector following Sunday’s exploit on KelpDAO.
Zcash (ZEC) is grinding up above $355 at the time of writing on Friday, shrugging off emerging headwinds in the broader crypto market. The privacy-oriented token tested support at $300 on Sunday, allowing bulls to increase their risk exposure and build momentum for the current gains.
Ripple (XRP) exhibits technical weakness, trading around $1.43 at the time of writing on Friday. Prices across the crypto market appear pressured amid buyer exhaustion following the early-week gains driven by the extension of the US-Iran ceasefire on Tuesday.
Bitcoin (BTC) is trading just below the critical $78,000 resistance at the time of writing on Friday. This pivotal level continues to shape BTC’s outlook, with a sustained break above it likely to open the door to gains above $80,000.
Bitcoin (BTC) looks set for a fourth consecutive week of gains, hinting at a bullish market structure as it faces resistance at the $80,000 psychological level.
Dogecoin (DOGE) extends gains for the third consecutive day, trading above $0.095 at press time on Friday and approaching a key resistance trendline.
Monero (XMR) trades around $375 at press time on Friday, displaying mild retracement after over 3% gains the previous day. The privacy coin steadily recovers demand in the derivatives market as traders anticipate further upside amid a broader market risk-on phase.
Cardano (ADA) remains under pressure, trading below $0.250 on Friday as price action stays muted below key resistance levels. On-chain data from Santiment shows that certain whale wallets are reducing their holdings, increasing selling pressure.
The broader cryptocurrency market retains its newfound risk appetite as Bitcoin (BTC) holds above $78,000 on Friday, despite the US-Iran peace negotiations becoming volatile. Meanwhile, Zcash (ZEC), Chiliz (CHZ), and Algorand (ALGO) emerge as top performers over the last 24 hours.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) are supporting a constructive outlook on Friday after surging by 6%, 2% and 3% so far this week, respectively.
Bitcoin's (ETH) recovery above $76,000 has strengthened expectations that the asset could reclaim $80,000 in the near term, as analysts point to rising institutional demand and improving market structure as support for further upside.
DeFi's recent wave of consistent hacks and stalled total value locked (TVL) is weakening its institutional appeal, according to JPMorgan analysts led by Nikolaos Panigirtzoglou, in a report late Wednesday.
Ethereum (ETH) has seen a spike in total fees captured on its mainnet over the past week.
Tether, the issuer of the largest stablecoin, USDT, announced on Thursday that it aided the Office of Foreign Assets Control (OFAC) and United States (US) law enforcement in freezing $344 million across two addresses.
LayerZero (ZRO) is trading at $1.58 at the time of writing on Thursday, rising from the daily low of $1.54. Despite sentiment broadly improving across the crypto market, interest in ZRO has remained subdued, especially in the retail market.
Ripple (XRP) is struggling to stay above support at $1.41 as of writing on Thursday, reflecting a broader correction in the crypto market. The remittance token was rejected at its weekly high of $1.46 on Wednesday, and is currently staring at a potential pullback below the pivotal $1.40 demand zone.
Bitcoin (BTC) is trading around the pivotal $78,000 resistance at the time of writing on Thursday, reflecting a broader mild correction across the crypto market.
Pi Network (PI) and Worldcoin (WLD) are holding steady at press time on Thursday but remain in a prevailing downward trend. These emerging cryptocurrencies have roughly 18 million verified users, making them one of the leading identity-based projects.
Bitcoin (BTC) steadies at $78,000 on Thursday, taking a breather after rallying nearly 6% so far this week, boosted by the strong institutional demand.
BNB (BNB), formerly known as Binance Coin, trades slightly above the key support zone near $633.71 on Thursday, hinting at a mild constructive near-term tone.
Hyperliquid (HYPE) trades around $40 at press time on Thursday, holding steady after over 3% gains the previous day.
The Iran war has messed many assets, with one notable exception: Bitcoin. The price of the main crypto has been surprisingly resilient in the past few weeks and way less volatile than other assets considered risky, such as US equities.
Avalanche (AVAX) price extends losses, trading below $9.30 on Thursday after being rejected at the key resistance zone the previous day. The risk appetite has dampened as Iran opened fire on three ships in the Strait of Hormuz, as the US maintains a blockade, keeping a lid on crypto markets.
Stellar (XLM) extends losses at press time on Thursday, as the 100-day Exponential Moving Average (EMA) at $0.1798 caps short-term recovery, keeping the tone bearish. The leverage market remains bearish on XLM, with active short positions rising.
Solana (SOL) approaches a key technical hurdle near $87 on Thursday, and a breakout above this level would signal a bullish move ahead. Strengthening on-chain, improving derivatives data, and a constructive technical chart support a positive outlook for SOL in the near term.
Bitcoin (BTC) extends its steady recovery above $78,000 at press time on Thursday, despite complications arising from the US-Iran ceasefire. The broader market sentiment is gradually improving, while total market liquidations over the past 24 hours have crossed $450 million.
GSR launched its Nasdaq-listed GSR Crypto Core3 ETF on Wednesday with the ticker BESO, marking its first crypto exchange-traded fund (ETF).
Following an indefinite extension of the US ceasefire with Iran, Ethereum (ETH) is trading near $2,400 on Wednesday amid a recovery of bullish interest in its derivatives market.