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Bitcoin, Ethereum, XRP run into resistance as retail buying cools
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. ... (full story)
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From dailyforex.com | 12 hr ago
Bitcoin price rose slightly and crossed the important resistance of $65,000 as traders embraced a risk-on sentiment after the weak US inflation report. The BTC/USD pair was trading at $64,920 on Thursday, up by 12% from its lowest point in June. Risk-On Sentiment Despite US-Iran War Bitcoin and other risky assets jumped as investors ignored the ongoing ...
From finance.yahoo.com | 9 hr ago
BlackRock CEO Larry Fink believes the Bitcoin (BTC) and crypto market is in a strong position following the unwinding of excessive leverage. The CEO of the world’s largest asset manager also expressed optimism about traditional financial markets, expecting technological transformation to provide tailwinds over the next twelve months. During an interview ...
