Schlagwort: crypto market

Key takeaways

• Bitcoin is trading below $64,000 after rallying more than 6% last week.
• U.S. spot Bitcoin ETFs recorded $526.64 million in net outflows, marking an eighth consecutive week of withdrawals.
• Renewed geopolitical concerns surrounding the Strait of Hormuz are limiting demand for risk assets.

Bitcoin (BTC) is trading slightly lower on Monday after climbing more than 6% last week, with buyers struggling to push the cryptocurrency above the key $64,000 resistance level.

Although last week’s rebound improved short-term sentiment, persistent institutional selling and renewed geopolitical uncertainty continue to cap upside momentum.

For now, Bitcoin remains caught between improving technical conditions and cautious macroeconomic sentiment.

Spot Bitcoin ETFs extend historic outflow streak

Institutional demand for Bitcoin remains under pressure. According to CoinGlass data, U.S. spot Bitcoin exchange-traded funds (ETFs) recorded $526.64 million in net outflows during the previous week.

The withdrawals mark the eighth consecutive week of net redemptions, extending the longest outflow streak since spot Bitcoin ETFs began trading.

If institutional investors continue reducing exposure this week, Bitcoin could face renewed selling pressure despite last week’s rebound.

Global geopolitical uncertainty remains another obstacle for Bitcoin. The cryptocurrency rallied last week after easing tensions between the United States and Iran briefly improved investor sentiment.

However, optimism has faded as concerns surrounding the Strait of Hormuz resurfaced.

Reports that Iran may introduce new service fees for vessels passing through the strategically important shipping route have renewed uncertainty, while the United States and several Gulf allies continue opposing such measures.

The lingering geopolitical risks have kept investors cautious, limiting demand for higher-risk assets such as cryptocurrencies.

Bitcoin price outlook: Bulls defend long-term support

From a technical perspective, Bitcoin continues to trade above a critical long-term support level.

Last week’s rally allowed BTC to reclaim the 200-week Simple Moving Average (SMA) at $62,867 after bouncing from an ascending trendline that has supported prices since early 2023.

Holding above this level keeps the broader recovery intact. If buyers maintain control above the 200-week SMA, Bitcoin could extend its advance toward the 78.6% Fibonacci retracement level at $65,520, measured from the August 2024 low to the October 2025 record high.

On the daily timeframe, Bitcoin continues to trade below its major moving averages. The cryptocurrency remains beneath the 50-day EMA at $65,744, the 100-day EMA at $69,455, and the 200-day EMA at $75,471, leaving the broader trend tilted to the downside despite recent gains.

Immediate resistance is located around $64,004. A successful breakout above that level could allow Bitcoin to challenge the 50-day EMA, with additional upside targets at the 100-day EMA, the 200-day EMA, and eventually the major resistance area near $84,410.

While momentum has improved, the daily RSI near 49 and a positive MACD crossover indicate buyers are gradually regaining strength, although confirmation of a sustained uptrend is still lacking.

The 200-week SMA at $62,867 remains the most important support level in the near term.

A sustained move below that area would weaken the current recovery and expose the long-term ascending trendline near $58,000. If selling pressure intensifies further, Bitcoin could revisit its yearly low around $57,800.

Bitcoin has recovered significantly from recent lows, but the rally is encountering resistance just below $64,000.

Persistent ETF outflows, geopolitical uncertainty, and overhead technical resistance continue to limit upside potential.

As long as BTC holds above its 200-week SMA, the recovery remains intact. However, buyers will need to reclaim $64,004 and then $65,744 to build momentum for a broader move higher.

The post Bitcoin dips below $63K amid ETF outflows and geopolitical risks appeared first on CoinJournal.

Key takeaways

• Risk sentiment across financial markets remained fragile following conflicting statements from US and Iranian officials.
• XRP risks dropping below $1.0 if the bearish trend persists. 

Ripple’s XRP remained under pressure on Wednesday, trading below $1.10 and maintaining a broader bearish outlook. 

The remittance-focused cryptocurrency failed to extend an early-week recovery attempt as investors reacted to renewed geopolitical uncertainty surrounding negotiations between the United States and Iran.

Mixed US-Iran signals fuel market uncertainty

Risk sentiment across financial markets remained fragile following conflicting statements from US and Iranian officials after the first round of peace negotiations held in Switzerland.

US Vice President JD Vance said late Monday that Iran had agreed to allow inspectors from the International Atomic Energy Agency (IAEA) back into the country. However, Iranian authorities disputed the claim, insisting that Tehran had made no additional commitments during the discussions.

Iran’s chief negotiator, Mohammad Bagher Ghalibaf, stated that the United States had agreed to release approximately $12 billion in frozen Iranian assets.

Meanwhile, Donald Trump warned reporters that Washington would take further action if Iran failed to comply with the terms of any agreement.

The conflicting messages have contributed to risk-off sentiment across cryptocurrency markets, limiting demand for digital assets and reinforcing bearish pressure on XRP.

Investor sentiment across the cryptocurrency market remains weak despite a slight improvement in confidence levels.

The Crypto Fear & Greed Index registered a reading of 23 on Monday, remaining firmly in “Extreme Fear” territory. While the index improved marginally from 20 recorded a day earlier, market participants continue to adopt a cautious stance amid macroeconomic and geopolitical uncertainties.

The subdued sentiment suggests that traders remain reluctant to aggressively accumulate risk assets, increasing the likelihood that short-term rallies could face selling pressure.

XRP price forecast: Bears continue to control the trend

From a technical perspective, XRP continues to exhibit a bearish structure on the daily timeframe.

The token is trading well below its key Exponential Moving Averages (EMAs), including the 50-day EMA at $1.25, the 100-day EMA at $1.35, and the 200-day EMA at $1.56.

XRP also remains below the middle Bollinger Band near $1.15, reinforcing the current downward bias.

Momentum indicators further support the cautious outlook. The Relative Strength Index (RSI) sits around 38, signaling weak bearish momentum without yet reaching oversold conditions. 

Meanwhile, the Moving Average Convergence Divergence (MACD) histogram remains slightly positive around the zero line, indicating tentative stabilization rather than a decisive trend reversal.

For XRP to regain bullish momentum, buyers must overcome several important resistance zones.

The first hurdle lies at the Bollinger Band midpoint near $1.15, followed by resistance at the upper Bollinger Band around $1.22.

Beyond that, the 50-day EMA at $1.25 and a descending trendline near $1.28 create a significant supply zone. Additional resistance levels are located at the 100-day EMA around $1.35 and the 200-day EMA near $1.56.

A successful break above these barriers would be required to shift the broader market structure back toward a bullish outlook.

On the downside, XRP’s immediate support is located near the lower Bollinger Band at $1.07.

A decisive breakdown below this level could accelerate selling pressure and expose the token to a retest of the recent support zone around $1.05.

Should bearish momentum intensify further, traders may look toward the psychologically important $1.00 level as the next major area of demand.

Until buyers reclaim key resistance levels, XRP remains susceptible to additional downside risk in the near term.

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Key takeaways

• The Ethereum Foundation has reduced its workforce by 20% following the completion of a major reorganization.
• ETH is up by 1% and is now trading above $1,650.

The Ethereum Foundation (EF) has completed a broad organizational restructuring that includes reducing its workforce by approximately 20%, affecting 54 employees across multiple teams.

In a blog post published Tuesday, the Foundation said the changes conclude a months-long reorganization process tied to the implementation of its updated mandate and treasury management strategy.

Ethereum Foundation introduces new organizational structure

As part of the overhaul, the EF has reorganized its operations into five core clusters: Protocol Layer, Access Layer, User Layer, Community Layer, and Institutional Layer. Two additional clusters will oversee management and operational functions.

According to the Foundation, each cluster has been designed with specific responsibilities, accountability frameworks, and internal structures tailored to its objectives.

“Each domain of work requires a different approach, is held accountable for different kinds of results, and has a different internal structure tailored to the work that needs to be done,” the EF stated.

Ethereum co-founder Vitalik Buterin revealed in a post on X that the workforce reduction comes as the Foundation pursues a significant spending reduction strategy.

The EF plans to lower annual spending from approximately 15% of its remaining treasury before 2026 to a long-term target of 5% after 2030. As part of this effort, the Foundation is reducing its budget by roughly 40% this year.

Buterin acknowledged the human cost of the restructuring, rejecting the notion that the layoffs were simply an efficiency exercise.

“Often, when an organization goes through something like this, people try to pretend that nothing of great value was lost,” Buterin wrote. “I will not try to pretend this. I respect my EF colleagues far too much to pretend that there was not much that is lost.”

The Foundation said affected employees will receive severance packages and transition assistance, similar to support provided to previous departing team members.

Ethereum price forecast: ETH risks further decline below key support

Ethereum continues to face downside pressure, with liquidation data highlighting persistent weakness in market sentiment.

On the 4-hour timeframe, ETH continues to trade below its 20-day, 50-day, and 100-day Exponential Moving Averages (EMAs), located near $1,753, $1,901, and $2,064, respectively.

The cryptocurrency also remains below a previously broken descending trendline around $1,729 and a key horizontal resistance zone near $1,741. These technical barriers suggest the broader bearish structure remains intact.

Ethereum is now approaching the important support level at $1,611 after being rejected near the convergence of the descending trendline and the 20-day EMA.

A decisive break below $1,611 could expose the next major support zone at $1,524. If selling pressure intensifies, additional downside targets emerge at $1,404 and potentially $1,155.

Unless buyers reclaim key resistance levels, Ethereum’s price action remains vulnerable to further losses in the near term.

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Key takeaways

• CryptoQuant’s taker Cumulative Volume Delta (CVD) shows a persistent negative trend over the past 90 days for PI.
• The coin is down 4.5% in the last 24 hours and now trades below $0.1300. 

PI extends losses amid weak market conditions

Pi Network (PI) traded in the red on Tuesday, falling below the $0.1300 level as selling pressure intensified across the broader crypto market. 

The token is now testing a breakdown of a rising support trendline, signaling growing bearish momentum.

Market data suggests that sellers remain firmly in control in the spot market. CryptoQuant’s taker Cumulative Volume Delta (CVD) shows a persistent negative trend over the past 90 days, indicating that sell orders have consistently outweighed buy orders. This pattern points to sustained distribution and weakening demand for PI.

At the same time, broader market sentiment is also deteriorating. The CoinMarketCap Fear and Greed Index currently sits at 20, reflecting “Extreme Fear” conditions. 

Such risk-averse environments often weigh heavily on speculative and community-driven assets like Pi Network.

PI technical breakdown signals bearish shift

Pi Network has extended its bearish structure after dropping below the 50-period Exponential Moving Average (EMA) at $0.1335 on the 4-hour chart, as well as the $0.1300 psychological level.

The breakdown below a rising support trendline near $0.1300 is a key technical development, with a confirmed close beneath this level potentially validating a bearish reversal.

Following the breakdown, price action now risks deeper declines toward key Fibonacci levels. Immediate downside focus lies at the 78.6% retracement level near $0.1251, based on the move from $0.1532 to $0.1184.

If selling pressure continues, the next support levels include the swing low at $0.1184, followed by the 127.2% Fibonacci extension around $0.1103.

Technical momentum indicators continue to favor sellers. The Relative Strength Index (RSI) on the 4-hour chart has dropped to 38, approaching oversold territory.

Meanwhile, the Moving Average Convergence Divergence (MACD) has crossed below the signal line, reinforcing bearish momentum despite the possibility of a short-term technical rebound.

On the upside, immediate resistance is clustered around the $0.1300 region, which now aligns with the broken trendline. 

This is followed by the 50-period EMA at $0.1335 and the 50% Fibonacci retracement level at $0.1346.

Further resistance levels include the 200-period EMA near $0.1390 and the 78.6% retracement at $0.1441, which would need to be cleared for any meaningful bullish recovery to take shape.

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Key takeaways

• DOGE is down by nearly 6% and is now trading below $0.08.
• The bearish performance comes as retail traders reduce their exposure to the market. 

DOGE extends losses after failed breakout

Dogecoin (DOGE) continued to face downward pressure on Tuesday, trading below $0.08 after failing to break above a key resistance zone. 

The meme coin has now dropped more than 10% over the past week, reflecting weakening momentum across both spot and derivatives markets.

Market data suggests that institutional participation in Dogecoin remains weak. According to SoSoValue data, spot Exchange Traded Funds (ETFs) linked to DOGE have shown little activity since early June, signaling a decline in demand from larger investors.

A continuation of negative or absent ETF flows could further weigh on price action, increasing the risk of additional downside volatility.

Sentiment around Dogecoin has also weakened on social platforms. Santiment’s Social Dominance metric, which tracks the share of cryptocurrency discussions focused on DOGE, fell to 0.095% on Tuesday. This level is close to early June lows and reflects a sharp decline in market attention.

The drop suggests fading enthusiasm among retail traders, often a key driver of momentum for meme-based cryptocurrencies.

Futures and options data further reinforce the cautious outlook. CoinGlass reports that Dogecoin’s long-to-short ratio fell to 0.80 on Tuesday, near its lowest level in over a month.

A ratio below 1 indicates that more traders are positioning for price declines than gains, highlighting growing bearish sentiment in the derivatives market.

DOGE price outlook: Key levels in focus

Dogecoin was trading around $0.07948 at the time of writing, maintaining a bearish short-term structure. 

The price remains below the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), which are clustered between $0.093 and $0.114, reinforcing downside pressure.

Momentum indicators present a mixed picture. The Relative Strength Index (RSI) sits at the oversold territory near 29, suggesting selling pressure is stretched. 

However, the Moving Average Convergence Divergence (MACD) shows only mild stabilization, not a confirmed reversal.

On the upside, immediate resistance is seen near $0.0885, followed by the 50-day EMA at $0.0926 and the 100-day EMA at $0.0982.

A stronger recovery would require a break above the descending trendline near $0.1000, with further resistance at $0.1027 and the 200-day EMA around $0.1138.

On the downside, the critical support level remains the recent yearly low at $0.0776. A decisive break below this level could open the door for a move toward $0.0700, where buyers may attempt to re-enter the market.

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