Bitcoin (BTC) extends its gains, trading above $64,800 at the time of writing on Thursday, breaking above the key resistance zone. Institutional demand supports BTC price action with spot Exchange Traded Funds (ETFs) recording a third consecutive day of inflows so far this week.
Aptos (APT) is trading in the green on Thursday, extending its fifth consecutive day of recovery after hitting a record low of $0.5450 on Saturday. Retail demand is rising, as evidenced by increasing Open Interest and funding rates, aligning with the recent rebound.
Ripple (XRP), Cardano (ADA), and Solana (SOL) are trading in the red on Thursday, facing downside pressure.
Ripple (XRP) and Stellar (XLM) extend their declines, trading below $1.06 and $0.165, respectively, at the time of writing on Thursday as selling pressure intensifies.
Bitcoin (BTC) trades above $64,000 at press time on Thursday, testing the bullish breakout of its 50-day Exponential Moving Average (EMA) near $64,660. Mild recovery in BTC lifts altcoins, with Pi Network (PI) and Uniswap (UNI) emerging as top performers over the last 24 hours.
Bitcoin (BTC) remained subdued while stocks edged higher and gold lower, suggesting the market is trapped between weakening institutional demand and growing signs of seller exhaustion, according to a Glassnode report on Wednesday.
Hashdex Asset Management stated on Wednesday that it will liquidate and close the Hashdex Bitcoin ETF (DEFI), due to low assets under management, limited liquidity and operating costs.
Sentiment across Ethereum (ETH) derivatives has slightly slipped into negative territory over the past week.
Coach welcomes CryptoDamus for a discussion with NostraPinkert, where the guest reveals his major outlook for Bitcoin and shares his forecasts on quantum stocks.
Taurus, a Switzerland-based digital asset infrastructure provider, announced on Wednesday that it has extended its services, targeting banks and regulated financial institutions on the Hedera (HBAR) network.