The cryptocurrency market is broadly pulling back this Friday following an early-week surge that pushed Bitcoin (BTC) near the $67,000 mark. BTC has since retreated below $65,000, as escalating tension and hostilities between the United States and Iran fuel investor caution.
Bitcoin (BTC) is edging higher on Friday, albeit gradually, after reclaiming support above $65,000. Meanwhile, Ethereum (ETH) shows signs of stability near the immediate $1,900 hurdle, backed by mild capital inflows.
Bitcoin (BTC) is modestly recovering, trading at $65,400 on Friday and holding firmly above the key support zone.
Zcash (ZEC) price hovers around $500 on Friday after five consecutive days of losses, testing a crucial support cluster. The privacy coin holds retail strength, with a positive funding rate despite over $2 million in liquidations over the last 24 hours, suggesting bullish bias persists.
Dogecoin (DOGE) price trades in the red below $0.0700 on Friday, following a 5% drop the previous day. DOGE loses retail strength as broader market speculative demand eases with elevated tensions between the US and Iran. The technical outlook for DOGE points to deeper losses below $0.065.
Cardano (ADA) extends its decline, trading below $0.168 on Friday after facing rejection at the 50-day Exponential Moving Average (EMA) earlier this week.
The broader cryptocurrency market faces headwinds with rising tensions between the US and Iran, pushing Bitcoin (BTC) down to its 50-day Exponential Moving Average (EMA) support around $65,135 on Friday.
Bitcoin (BTC) stalls near the 50-day Exponential Moving Average (EMA) at $65,145 after a mild correction earlier this week. Meanwhile, Ethereum (ETH) and Ripple (XRP) face rejection at key resistance levels, keeping the short-term technical outlook bearish.
Uniswap has introduced Permissioned Pools, a new hook standard for its v4 protocol designed to enable compliant trading of regulated and permissioned assets through automated market makers (AMMs).
Ethereum (ETH) is hovering slightly below the $1,900 level, down 3% on Thursday following a slight expansion in derivatives interest.
Strategy, Coinbase, BlackRock and other leading financial institutions and Bitcoin (BTC) companies launched the Bitcoin Security Consortium on Thursday to support the long-term security and resilience of the Bitcoin network.
Tron (TRX) maintains a neutral-to-bearish tone, trading above $0.32 at the time of writing on Thursday. The smart contracts token failed in its attempt to break out above resistance at $0.33 the day before, reflecting a broader downturn in the crypto market.
Cryptocurrency prices are trending lower on Thursday, pressured by renewed inflation concerns stemming from ongoing tensions between the United States (US) and Iran and persistently elevated Oil prices.
Woldcoin (WLD) price trades around $0.3838 at press time on Thursday, extending a consolidative tone capped beneath the 50-day Exponential Moving Average (EMA) at $0.4141. WLD token emissions are scheduled to drop by 43% from Friday, reducing supply pressure.
Dogecoin (DOGE) extends its decline on Thursday, approaching its yearly low at $0.069 as bearish sentiment continues to weigh on the meme coin. Escalating US-Iran conflict and fresh Houthi threats have dampened risk appetite, weighing on speculative assets such as DOGE.
Bitcoin (BTC) extends its correction, trading below $65,800 on Thursday after a modest decline in the previous day.
Pi Network (PI) stalls above $0.0900 at press time on Thursday, as last week’s recovery faces headwinds near the $0.1000 psychological level. Retail support eases as Open Interest declines amid recovery squeezes. The PI token must reclaim the $0.1000 level to sustain a recovery.
Ripple (XRP), Hyperliquid (HYPE) and Zcash (ZEC) are trading in the red on Thursday, facing headwinds near crucial support levels. The technical outlook for XRP, HYPE and ZEC is bearish in the near term, with risks of further declines as selling pressure builds.
Ripple (XRP) and Stellar (XLM) trade cautiously on Thursday as both tokens hover around key technical levels. XRP is testing resistance at its 50-day Exponential Moving Average (EMA), while XLM continues to consolidate around the $0.187 support zone.
Bitcoin (BTC) edges below $66,000 on Thursday, extending the previous day's losses. Hedera (HBAR) and Lido DAO (LDO) sustain bullish momentum, testing the breakout of a crucial resistance zone to extend their rally.
Senate Republicans released an updated version of the Digital Asset Market CLARITY Act on Wednesday following briefing calls with stakeholders. The update adds a package of ethics restrictions targeting digital asset activities by public officials and their spouses.
The next crypto bull market could be driven by the growing convergence between blockchain-based financial infrastructure (on-chain) and traditional finance (TradFi), according to Bitwise CIO Matt Hougan.
The tokenized stocks market is quietly expanding, as monthly transfer volume climbed to $9 billion in June, a staggering jump from just $53 million in the same month a year earlier.
Bitcoin (BTC) trades slightly lower around $66,000 on Wednesday as tensions in the Middle East escalate further. Still, the Crypto King is up over 2.5% so far this week.
Bitcoin (BTC) trades elevated above $66,000 immediate support on Wednesday, following a minor correction from its weekly high of $66,956.
Cardano (ADA) price edges lower on Wednesday after the 50-day Exponential Moving Average (EMA) at $1.770 capped two consecutive days of recovery seen earlier this week. ADA futures point to waning retail traction as Open Interest and trading volume decline amid elevated long liquidations.
Solana (SOL) steadies at $78 on Wednesday, up over 2% so far this week. Institutional demand shows positive signs with SOL spot Exchange Traded Funds (ETFs) recording a second consecutive day of inflow this week. In addition, strengthening derivatives metrics support further gains ahead.
Hyperliquid (HYPE) hovers around $60 on Wednesday, capped below its 50-day Exponential Moving Average (EMA) at $62.70. The everything exchange token is losing its retail demand as funding rates fluctuate near zero amid elevated long liquidations.
The broader cryptocurrency market is witnessing an easing of bearish momentum, with Bitcoin (BTC) holding above $66,000 on Wednesday. Altcoins including Ondo (ONDO) and Gram (GRAM), formerly known as Toncoin, are leading gains over the last 24 hours, driven by new features.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) remain on the front foot on Wednesday as the broader crypto market extends its gains so far this week.