Cryptocurrency prices steadied following reports that the US and Iran are close to extending their ceasefire by 60 days and reopening shipping routes through the Strait of Hormuz, easing geopolitical tensions and oil prices. Bitcoin held above $73,000 support, while Ethereum hovered around $2,000 after a brief dip. Despite stabilization, institutional demand remains weak with significant outflows from Bitcoin and Ethereum ETFs. Traders are closely watching a $6.1 billion Bitcoin options expiry, with key strike prices at $75,000 and $80,000. Meanwhile, inflation data has reduced expectations for Federal Reserve rate cuts in 2026, keeping markets cautious.
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 ...
