BTC trades around $87.9K, fractionally lower, after repeatedly failing to break a descending trendline near $94K and slipping back under the psychologically important $90K level. FXStreet and Investing.com highlight cautious risk sentiment ahead of a heavy week of U.S. data and global central bank meetings, with some analysts (e.g., Peter Brandt) warning of downside risk toward $80K or even $25K if the broken parabola plays out.
Showing posts with label FXStreet. Show all posts
Showing posts with label FXStreet. Show all posts
Eth softens after rejection at 50-day EMA
ETH is near $3,050, down about 0.5% on the day, giving back part of last week’s modest bounce. FXStreet notes ETH was rejected at its 50-day EMA around $3,280 and now risks a deeper pullback toward $3,017 and potentially $2,749 if that support breaks, even as some venues still show it slightly positive intraday amid generally subdued altcoin flows.
Derivatives and sentiment data show a fearful, range‑bound market
CoinDesk reports the Crypto Fear and Greed Index back in ‘extreme fear’ after prior liquidations wiped out overleveraged longs, and FXStreet/Coinglass data show rising open interest in selective names like Dogecoin as traders hunt for rebound plays. Overall, flows are light and ranges tight, with analysts repeatedly describing ‘a market waiting for a catalyst’ in the form of incoming U.S. data or central bank surprises.
Macro backdrop: Fed cuts done for now, BOJ/ECB/BoE in focus
Despite the Fed’s third rate cut of 2025 and a softer dollar, crypto has failed to mount a sustained relief rally, suggesting the bullish impulse from easier policy is fading. News from Investing.com, Yahoo Finance and FXStreet stress that this week’s U.S. jobs and inflation prints plus the Bank of Japan’s widely expected hike—historically associated with BTC drawdowns—are keeping traders defensive across digital assets.
Ethereum outperforms majors but stalls below key resistance
ETH is around $3,150, up roughly 2.8% on the day and modestly firmer than BTC over the week. FXStreet highlights that rejection at the 50‑day EMA near $3,280 leaves ETH vulnerable to a move toward $3,000–$2,750 if macro data or risk sentiment deteriorate.
XRP pinned near $2.00 as it tests critical support-resistance zone
XRP sits around $1.98–$2.00, barely higher on the day after failing several times to clear $2, which CoinDesk frames as a near‑term inflection level. FXStreet warns that a daily close below ~$1.96 could open room toward $1.77, while holding this base keeps $2.35 in play.
XRP stays pinned near $2 despite nearly $1B in ETF inflows and U.S. trust bank progress
Ripple’s XRP is roughly flat on the week around $2 with a modest 1% daily decline, even as U.S.-listed XRP spot ETFs log 19 straight days of net inflows approaching $1B and OCC grants Ripple conditional approval for a national trust bank charter. Analysts at AMBCrypto and FXStreet say this disconnect reflects macro risk-off sentiment and heavy overhead technical resistance, arguing that institutional flows are quietly building a higher structural floor rather than chasing a breakout.
Macro backdrop: Dovish Fed and softer dollar support hard assets, not crypto
The Fed’s third 25 bp cut and plans to buy $40B/month in T‑bills have weakened the dollar toward two‑month lows and fueled expectations of further easing in 2026 (Trading Economics, FXStreet, Reuters). This has propelled gold back toward record highs above $4,300/oz and kept copper elevated, while crypto has decoupled short term as investors rotate toward metals and away from speculative tech and digital assets (Investing.com).