Bitcoin, Ethereum, XRP run into resistance as retail buying cools
From fxstreet.com
Cryptocurrencies are broadly consolidating on Thursday, while Bitcoin (BTC) retreats toward support at $64,000. Ethereum (ETH) hovers below $1,800, with its upside seemingly limited, following a macro-driven rally. Meanwhile, Ripple (XRP) sits on top of the reclaimed $1.10 support, reflecting the broader cool-down in the market. Retail interest in Bitcoin is losing momentum, as the perpetual futures Open Interest (OI) has shrunk to 747,000 BTC on Thursday, down from 755,000 BTC the previous day. If the current correction persists, overhead pressure could limit BTC’s recovery and deepen the pullback below $64,000. ...
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