Bitcoin price started a fresh decline below the $62,500 zone. BTC is showing bearish signs and might continue to move down if it dips below $61,200. Bitcoin failed to stay above $63,200 and extended losses. The price is trading below $62,500 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance near $62,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $62,500 and $63,500 levels. Bitcoin Price Dips Toward Support Bitcoin price failed to stay above the $63,500 support zone. BTC remained in a bearish zone and extended losses below the $63,200 level. There was a move below the $62,500 level. The price even dipped below $61,200. A low was formed at $60,746 and the price is still showing many bearish signs. There was a minor increase above the 23.6% Fib retracement level of the downward move from the $64,613 swing high to the $60,746 low. Bitcoin is now trading below $62,500 and t
XRP is struggling to hold the $1.10 mark as the market faces uncertainty that has left the price grinding in a range that offers little clarity on which direction the next significant move arrives from. The price action is uninspiring — but an Arab Chain analysis tracking Binance reserve dynamics has identified a structural development […]
Brad Garlinghouse has endorsed claims that Wall Street firms are increasingly pursuing the same institutional finance strategy that XRP was once criticized for supporting. According to comments shared on X, Ripple CEO Brad Garlinghouse responded with a one-word endorsement after…
CME Group has launched Nasdaq CME Crypto Index futures, giving investors a regulated way to trade and hedge broad exposure to major digital assets. The contracts settle against a Nasdaq-CME benchmark covering some of the largest and most actively traded cryptocurrencies. Nasdaq and CME Launch Crypto Index Futures Tied to 8 Leading Tokens CME Group […]
Bitcoin fell to its lowest weekly close since the second half of 2024 last week, capping a stretch that has now stripped more than 8% of its value in seven days and pulled the broader crypto market to levels not seen since early in the year. Related Reading: Security Milestone: XRP Lending Protocol Completes Military-Grade Assessment A Pattern Worth Watching The weekly relative strength index is holding higher lows even as price prints lower ones — a divergence that last appeared in the lead-up to Bitcoin’s recovery from the 2022 bear market bottom. Whether that parallel plays out the same way remains to be seen, but it is the detail technical traders are watching most closely right now. On Monday, with Bitcoin trading below $62,000, Binance founder Changpeng Zhao, a.k.a. CZ, posted two lines on X. Bitcoin won’t be dead for too long, he wrote, signing off with a reference to the Douglas Adams line — don’t panic, in large friendly letters. The message was short, deliberate, and timed to
As Bitcoin (BTC) hovers near its lowest levels since late 2024, a market observer suggests the flagship crypto may not have finished bottoming yet, with more downside potentially ahead. Related Reading: XRP Sees Intense Capitulation As Realized Profit-To-Loss Ratio Plunges BTC’s Historical Data Points To Longer Correction On Wednesday, analyst Rekt Capital compared Bitcoin’s current price action to its performance in previous cycles to determine how close the leading crypto’s market bottom may be. In a video analysis on X, the market watcher explained that BTC’s deviations from previous all-time highs (ATHs) could serve as key reference points for this assessment. Notably, Bitcoin bottomed 22% from the 2017 peak during the last cycle’s correction. Now, it is trading roughly 14% below the 2021 peak of $69,000, which could suggest the bottom may be approaching. However, the analyst affirmed that this metric alone “doesn’t represent the mosaic of data that we need to be paying attention t
XRP has entered one of its most uncomfortable technical zones in months. The cryptocurrency has now broken below a support base that had held since February, but the selloff has not yet turned into a collapse below $1. Instead, the daily chart shows the XRP price landing on a much older descending channel support that has guided it lower since August 2025. That leaves the cryptocurrency in a difficult position that shows the breakdown is real, but so is the possibility that the latest liquidation has simply carried XRP into a deeper support line that still gives bulls a chance. XRP Breaks February Support, But Finds A Lower Channel Floor Technical analysis of the daily XRP chart shows a clear loss of the straight support range that had held the market together since February. For months, XRP moved mostly sideways between $1.25 and $1.55, with buyers repeatedly stepping in each time the price returned to the lower boundary. Related Reading: The XRP Dream Has Changed: Why A Rally To $1
Several key metrics of XRP are starting to change course, falling drastically along with the ongoing bearish performance of the altcoin’s price. As the downside pressure mounts, the Realized Profit to Loss Ratio has experienced a sharp decline to levels that reflect the intensity of the current bear market phase. Investor Profitability On XRP Takes […]
