Bitcoin and Ethereum prices fluctuated amid uncertainty over a U.S.-Iran ceasefire, with Bitcoin dipping to a six-week low near $72,500 before rebounding above $73,000. Trading volume increased, but over $600 million in bullish long positions were wiped out, signaling high selling pressure. Analysts highlight Bitcoin's retest of a key $73,000 level as pivotal, suggesting buyers may be gaining control. Ethereum is seen as undervalued by some traders who advise accumulating rather than shorting amid volatility. The broader crypto market cap fell slightly to $2.47 trillion, while U.S. stock indexes continued to rally on ceasefire optimism.
Crypto analyst Michaël van de Poppe highlights that the US-Iran conflict is currently limiting Bitcoin and altcoin rallies. He expects a deal between the US and Iran soon, which could trigger strong crypto gains over the summer. However, he warns tha...
XRP is hovering near a key support level at $1.30, with on-chain data from Santiment indicating extreme undervaluation as many recent holders face significant losses. Despite a slight rebound, XRP remains down over 4% in the past week and over 6% in ...
Bitcoin trades around $73,381 and Ethereum near $2,004, both close to their 200-day moving averages, which are critical for gauging market sentiment. Bitcoin dominance is steady at 57.6%, influencing potential shifts between Bitcoin and altcoins like...
BlackRock's iShares Bitcoin Trust experienced a significant $528 million outflow in one day, its second-largest since launch, even as Bitcoin remained above $73,000. Despite this, the ETF has seen strong cumulative inflows of about $64 billion and re...
Bitcoin hovered around $73,000 despite a 6% weekly drop, as institutional investors focus on upcoming US cryptocurrency regulations rather than positive global market trends. Other major cryptocurrencies like Ethereum, Solana, XRP, and Dogecoin also ...
