Ripple (XRP) grinds lower, trading around $1.10 at the time of writing on Wednesday. The sticky bearish outlook mirrors the broader crypto market, with major coins such as Bitcoin (BTC) and Ethereum (ETH) facing weak demand as investors de-risk.
Major crypto assets trade under intense headwinds on Wednesday, as market participants navigate complex geopolitical and macroeconomic environments. Bitcoin (BTC) has slipped toward $61,000 after its recent rebound was sold near $64,000, leaving buyers exhausted.
Bitcoin (BTC) extends its decline on Wednesday, trading below $61,500 at the time of writing as renewed US-Iran tensions keep the risk sentiment capped. In addition, persistent capital outflows from US-listed spot Exchange Traded Funds (ETFs) continue to fuel selling pressure on BTC.
Pi Network (PI) price edges lower on Wednesday, extending its decline for the third consecutive day this week.
Cardano (ADA) edges lower to $0.1600 at press time on Wednesday, signaling a potential extension of the 30% loss from last week. The altcoin remains under intense selling pressure, weighing on its retail support.
BNB (BNB), formerly known as Binance Coin, continues to extend its losses, trading below $585 at the time of writing on Wednesday, having corrected over 3% so far this week.
Solana (SOL) is trading in the red below $65 on Wednesday as the broader cryptocurrency market remains under pressure. Mixed institutional demand for SOL and weak retail interest weigh on Solana, risking a steeper correction below $60.
Litecoin (LTC) remains under pressure, trading below $43 on Wednesday after suffering a steep correction last week. Bearish sentiment continues to build as derivatives metrics signal reduced bullish conviction.
Atlas Capital CEO Reza Bandi stated that the crypto industry's next major growth phase will be driven by the tokenization of real-world assets (RWAs) rather than speculative trading.
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) remain under pressure mid-week, as the broader cryptocurrency market struggles to regain recovery momentum after last week’s massive correction.
The broader cryptocurrency market is under pressure with Bitcoin (BTC) slipping below $62,000 on Wednesday amid the US launching its third wave of strikes on Iran. Hyperliquid (HYPE) and DeXe (DEXE) are leading losses over the last 24 hours, risking the prevailing upward trend.
Bitcoin (BTC) dropped near $61,000 on Tuesday, with the latest sell-off pushing long-term market indicators toward levels historically associated with bear-market bottoms, according to a report by K33 Research.
Zcash (ZEC) gains momentum and trades near $470 at the time of writing on Tuesday, shrugging off a broader risk-off mood primarily driven by geopolitical tensions in the Middle East and macroeconomic uncertainty.
Ripple (XRP) hovers above $1.15 on Tuesday, following a rejection near $1.20. The remittance token mirrors the broader risk-off mood, with Bitcoin (BTC) stalling around $63,000 and Ethereum (ETH) trading below $1,700.
Cryptocurrency prices trade amid persistent selling pressure on Tuesday.
Venice (VVV) is losing momentum, hovering near $16 at press time on Tuesday, after a rally of around 1,500% over the last six months. The easing of buying pressure is supported by declining token staking, burning, revenues, and retail interest, triggering a near-term sell signal.
Bitcoin (BTC) trades slightly lower on Tuesday after encountering resistance near $64,000, a key technical barrier that is capping its recovery.
Worldcoin (WLD) extends its gains on Tuesday, trading at $0.50 and above a dense band of key Exponential Moving Averages (EMAs). Strengthening derivatives metrics, alongside a constructive technical outlook, suggest WLD could be well-positioned to extend its recent rally in the near term.
Chainlink (LINK) price hovers near $8.00 at press time on Tuesday, reflecting a mild recovery after hitting a two-year low of $6.99 on Saturday.
Ripple (XRP) and Stellar (XLM) remain under pressure on Tuesday after a mild recovery following a massive correction in the previous week.
The broader cryptocurrency market remains under pressure, with Bitcoin (BTC) trading around $62,000 on Tuesday, while market-wide Open Interest stabilizes after hitting a two-month low.
Crypto market sectors real-world assets (RWAs) and quantum-resistant cryptocurrencies recorded notable gains despite broader macroeconomic pressures, according to a Binance Research report on Monday.
Ethereum (ETH) treasury firm BitMine Immersion Technologies (BMNR) acquired 126,971 ETH last week following the top altcoin's decline toward the $1,500 region.
Bitcoin (BTC) treasury firm Strategy bought 1,550 BTC last week for roughly $101.3 million, according to a Form 8-K filing on Monday. The purchase, made at an average price of $65,332 per Bitcoin, was funded through proceeds from the company's at-the-market (ATM) equity offering program.
The cryptocurrency industry has entered a new era spearheaded by stablecoins, real-world asset (RWA) tokenization, decentralized finance (DeFi), and Artificial Intelligence (AI) applications.
Ripple (XRP) edges higher, trading around $1.15 on Monday as appetite for risk gradually returns across the crypto market. Retail traders appear to be making a cautious return from the sidelines, as reflected in XRP derivatives.
Cryptocurrency prices remain under pressure on Monday as market participants navigate tensions in the Middle East after Israel and Iran attacked each other for the first time since the peace deal agreement that was reached in Early April.
Bitcoin (BTC) remains under pressure, struggling below $64,000 on Monday after posting its worst one-week return this year. Institutional sell-off remains severe with spot Exchange Traded Funds (ETFs) recording the fourth week of steady outflows of billions since mid-May.
Hyperliquid (HYPE) price is up 6% at press time on Monday, extending the 5% rebound from the previous day. The rebound aligns with HYPE's regaining retail strength in the derivatives market, offsetting the first-ever daily outflows from Exchange-Traded Funds (ETFs).
Pi Network (PI) price hovers below $0.1300 at press time on Monday, following its sixth consecutive weekly loss of 12%. A declining trend in trading volume shadows the falling PI token prices, reflecting weak demand failing to absorb supply pressure.