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BlackRock unlikely to rescue altcoins as most trade below key averages amid market skepticism

Market News
01 Jul 2026
Zycrypto
View Source
Bearish
pluang ai news

Speculation that BlackRock might support the altcoin market has been dismissed by experts who say institutional investors see most altcoins as mere fundraising tools, not valuable assets. The market remains weak, with about 84% of altcoins on Binance trading below their 200-day moving average, marking a prolonged downturn. Analysts predict future crypto integration will focus on tokenized real-world assets on major blockchains like Solana or Ethereum, bypassing traditional stock exchanges. Meanwhile, major altcoins like Ethereum, BNB, and XRP face declines, with XRP struggling to hold the $1.00 level, signaling ongoing market challenges without strong catalysts.

More News (ETH)

Winklevoss twins transfer $60M in Bitcoin to Gemini amid market volatility

Winklevoss twins transfer $60M in Bitcoin to Gemini amid market volatility

The Winklevoss twins moved $60 million worth of Bitcoin to their Gemini exchange as Bitcoin struggles to find stable momentum amid market volatility. They also transferred $7 million in Ethereum, sparking speculation about possible profit-taking or p...

Market News
Neutral
6 hours ago
XRP and HYPE lead market resilience amid big outflows from Bitcoin and Ethereum ETFs in June.

XRP and HYPE lead market resilience amid big outflows from Bitcoin and Ethereum ETFs in June.

In June, Bitcoin, Ethereum, and Solana ETFs experienced significant capital outflows, indicating investor withdrawal from these popular assets. Meanwhile, XRP and HYPE, the native token of Hyperliquid, showed strong resilience and stood out as the mo...

Market News
Bearish
6 hours ago
Cryptocurrency prices show mixed movements with Bitcoin above $60K and notable gains in altcoins like ADA and BCH.

Cryptocurrency prices show mixed movements with Bitcoin above $60K and notable gains in altcoins like ADA and BCH.

Cryptocurrency markets display varied price changes, with Bitcoin trading above $60,000 and Ethereum around $1,615. Several altcoins such as Cardano (ADA) and Bitcoin Cash (BCH) have seen significant gains, rising over 6%. Meanwhile, some tokens expe...

Market News
Bullish
6 hours ago
Bitcoin recovers above $60K after US jobs report misses expectations, signaling cautious market mood.

Bitcoin recovers above $60K after US jobs report misses expectations, signaling cautious market mood.

Bitcoin fell to its lowest level of 2024 at around $57,700 after a US jobs report showed weaker-than-expected employment growth, but quickly rebounded above $60,000. The disappointing jobs data suggests a cooling labor market, increasing hopes that t...

Market News
Bullish
9 hours ago
Winklevoss twins sell $60M in Bitcoin amid market struggles near $59K level

Winklevoss twins sell $60M in Bitcoin amid market struggles near $59K level

The Winklevoss twins transferred $60 million worth of Bitcoin to their Gemini exchange, likely to sell and take profits as Bitcoin struggles around $59,000. They still hold $300 million in Bitcoin after this move and also moved $7 million in Ethereum...

Market News
Bearish
10 hours ago
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