Near Protocol (NEAR) edges lower on Wednesday, holding above the $2.50 support. The drawdown can be partly attributed to broader crypto market volatility as investors continue to assess geopolitical tensions in the Middle East and to profit-taking following its over 100% rally in May.
Artificial intelligence (AI) is rapidly becoming interconnected with crypto as a practical infrastructure layer, now providing solutions to long-standing challenges in Bitcoin's (BTC) usage.
Cryptocurrency prices are broadly consolidating near key short-term support levels, with Bitcoin (BTC) trading around $76,000 at the time of writing on Wednesday.
Tokenized Real-World Assets (RWAs), Artificial Intelligence (AI), and privacy are the most trending narratives in the crypto market, outperforming Bitcoin (BTC) and other major altcoins.
Bitcoin (BTC) stalls below $76,000, trading cautiously on Wednesday after losing support from the key Exponential Moving Averages (EMAs). Institutional demand continues to fade with spot Exchange Traded Funds (ETFs) recording steady outflows since mid-May.
Cardano (ADA) steadies near $0.240 on Wednesday, continuing its three-consecutive weeks of losses and maintaining a bearish bias so far this week. Bearish derivatives metrics and weakening momentum hint at deeper losses for ADA.
Pi Network (PI) is under intense selling pressure, retracing below $0.1500 at press time on Wednesday. Pi Core Team announces June 2 as the deadline for the mainnet upgrade to the next Stellar protocol version 24. Technical outlook for PI remains bearish as selling pressure builds.
Meme coins risk a deeper correction on Wednesday as the broader crypto market struggles to regain bullish momentum amid uncertainty over the US-Iran peace deal.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) remain under pressure midweek as the broader crypto market struggles to regain bullish momentum amid uncertainty over the US-Iran peace deal.
Bitcoin (BTC) is trading below $76,000 at press time on Wednesday, cascading bearish pressure to altcoins. Total liquidations over the last 24 hours have surpassed $300 million, signaling mild volatility. Still, Worldcoin (WLD), Sei (SEI), and Terra Classic (LUNC) hold gains over the same period.
Bitcoin (BTC) showed early signs of recovery last week after the 30-day average funding rates turned positive, ending 84 days of negative funding, the longest ever seen in the 2020s.
Ethereum (ETH) treasury firm BitMine Immersion expanded its digital asset holdings last week after acquiring 111,942 ETH.