Solana (SOL) extends the correction, trading below $82 at the time of writing on Thursday after being rejected from key resistance the previous day.
Enjin Coin (ENJ) price extends its gains, trading above $0.035 on Thursday after a sharp 40% rally on the previous day. The bullish price action is supported by on-chain and derivatives data, with a constructive technical outlook suggesting further gains for ENJ in the coming days.
Ondo (ONDO) is facing downside pressure at press time on Thursday, threatening the $0.2400 support level. The derivatives market is leaning bearish on ONDO, with futures Open Interest dropping amid intense long liquidations.
Pepe (PEPE) price trades in red, below $0.0000036 at the time of writing on Thursday.
The broader cryptocurrency market whipsaws as Iran accuses Israel of ceasefire violations, sliding Bitcoin (BTC) and Ethereum (ETH) below $71,000 and $2,200, respectively, at press time on Thursday.
The US Department of the Treasury, through the Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Assets Control (OFAC), issued a proposed rule on Wednesday targeting stablecoin issuers under the GENIUS Act.
Ethereum (ETH) is trading above $2,200 on Wednesday, continuing its momentum from the US-Iran two-week temporary ceasefire deal.
Iran is reportedly planning to mandate crypto payments as transit fees for fully laden Oil tankers passing through the Strait of Hormuz during the proposed two-week ceasefire with the US, according to a Wednesday report by the Financial Times (FT).
Dogecoin (DOGE) edges lower at the time of writing on Wednesday, extending losses from its daily high of $0.0956.
The White House Council of Economic Advisers (CEA), in its “Effects of Stablecoin Yield Prohibition on Bank Lending” report released on Wednesday, states that banning yield on US Dollar (USD)-backed tokens would have little positive impact on bank lending.
Ripple (XRP) is edging up above $1.38 at the time of writing on Wednesday, buoyed by improving market sentiment after the United States (US) suspended attacks on Iran amid a two-week ceasefire.
Cryptocurrency prices are broadly holding steady on Wednesday after United States (US) President Donald Trump wrote on his Truth Social platform, "I agree to suspend the bombing and attack of Iran for a period of two weeks".
Artificial Intelligence (AI) crypto tokens, such as Near Protocol (NEAR) and Render (RNDR), are extending gains on Wednesday amid the launch of Antropic Glasswing initiative, while the broader cryptocurrency market recovery linked to the US-Iran ceasefire adds tailwind.
Bitcoin (BTC) is approaching the upper boundary of the horizontal channel that has been limiting the price since early February, trading near $71,800 on Wednesday, and a breakout of this zone would suggest an upside move.
Hyperliquid (HYPE) approaches $40 at press time on Wednesday, extending the US-Iran ceasefire-linked recovery. Retail demand for HYPE is rising, leading to elevated futures Open Interest amid improved broader market sentiment.
Bittensor (TAO) continues to climb, trading above $335 on Wednesday after surging over 8% so far this week.
Pepe (PEPE) is holding steady above $0.00000350 at press time on Wednesday, following a 12% jump the previous day, in line with the broader market recovery linked to the US-Iran ceasefire. Derivatives data show renewed interest in the frog-themed meme coin amid bullish speculations.
Sui (SUI) extends its upward move, trading above $0.95 on Wednesday after surging by more than 10% the previous day. Chicago Mercantile Exchange (CME) Group’s announcement to launch SUI futures in early May adds to the bullish narrative by signaling growing institutional interest.
Bitcoin (BTC) resurfaces above $71,000 at press time on Wednesday, on easing tensions in the Middle East with the US-Iran ceasefire. The broader crypto market witnesses a renewed risk-on sentiment, wiping out over $400 million in short positions.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) extend their recovery on Wednesday, supported by improving risk sentiment following the announcement of a two-week ceasefire between the US and Iran.
Chicago Mercantile Exchange (CME) Group announced Tuesday that it will launch futures contracts tied to Avalanche (AVAX) and Sui (SUI) in May, expanding its offerings beyond Bitcoin (BTC), Ethereum (ETH) and a growing list of Layer-1 assets.
Whales or wallets holding 10K-100K ETH returned to accumulation over the past week after a brief distribution the previous week. The cohort saw a 230K ETH increase in their cumulative balance.
Digital asset products saw modest inflows of $224 million last week, resuming a positive trend after seeing outflows in the prior week, according to CoinShares' report on Tuesday.
Solana (SOL) edges lower below $80.00 at the time of writing on Tuesday, weighed down by negative sentiment due to the United States (US) and Israel’s war with Iran.
Ripple (XRP) is trading under pressure on Tuesday and holding support above $1.30 at the time of writing. Its near-term bias has remained largely bearish amid the war in the Middle East.
The cryptocurrency market is sending mixed signals on Tuesday, with some coins like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) cooling, while Zcash (ZEC) and SPX6900 (SPX) are breaking out.
Bitcoin (BTC) extends its decline, trading below $69,000 at the time of writing on Tuesday after being rejected from a key technical level the previous day.
Algorand (ALGO) is down 5% at press time on Tuesday, extending the 2% drop the previous day. The tokenization-focused layer-1 token is losing retail demand so far this week as the derivatives data signal reduced active long positions.
Ripple (XRP) and Stellar (XLM) prices are under renewed pressure this week, with XRP slipping below $1.32 and XLM below $0.17 on Tuesday.
Cardano (ADA) trades below $0.2500 at press time on Tuesday, extending a bearish start to the week amid a broader cryptocurrency market that is whipsawing ahead of the US-Iran deadline.