Bitcoin, Ethereum, Ripple overview: bears are back behind the driving wheel

Major cryptocurrencies are sliding down.
Litecoin and EOS are the biggest losers.

Tanya Abrosimova Independent Analyst

Cryptocurrency market has lost the positive momentum, driven mostly by technical factors and short-term speculative sentiments. The weekend recovery failed to yield to significant gains as Bitcoin and major altcoins reversed from strong resistance levels. Litecoin and EOS are the biggest losers out of top-20. Both coins are down nearly 5% since this time on Monday. Cardano (ADA) is in better shape as the coin is mostly unchanged d/d.

The total capitalization of all digital assets in circulation slipped from $135.2B on Monday to $132B at the time of writing.

What’s going on on

Bitcoin (BTC) is sliding down the third day in a row. An unsuccessful attempt to clear the $3,900 barrier pushed the coin back into the short-term range with its lower boundary $3,800 now under threat. With no significant fundamental developments, the first digital asset is dominated by speculative sentiments. BTC/USD has lost nearly 2% in recent 24 hours to trade at $3,811 at the time of writing.

Ethereum, the second largest coin by market value, is changing hands at $131.53, down 3% in recent 24 hours. ETH/USD is trading within a short-term bearish trend amid growing volatility. A sustainable move below $135.00 handle created additional downside pressure and brought $130.00 into focus.

Ripple’s XRP, the third largest coin, slipped below $0.3100 to trade at $0.3089 by press time. The coin has been creeping lower after a failed attempt to move above $0.3200. The next significant support lies with $0.3000.

Author

Tanya Abrosimova

Independent Analyst

Cardano: Under pressure as bearish derivatives cap recovery

Cardano remains under pressure, trading lower at $0.165 on Monday after mild losses in the previous week. Weakening derivatives metrics and subdued momentum indicators suggest that ADA's upside move remains limited, keeping downside risks in focus. Derivatives data for Cardano shows bearish sentiment among traders.

Bitcoin holds firm at $65,000 – AAVE and ONDO gain traction

The broader cryptocurrency market risk-off sentiment eases as the US and Iran extend the pause in missile strikes, while Oman holds peace talks. Bitcoin holds firm above $65,000 on Monday, while DeFi tokens, including Aave and Ondo, emerge as top performers over the last 24 hours.

Bitcoin extends winning streak, Ethereum clears key hurdle, XRP steadies

Bitcoin, Ethereum and Ripple begin the week on a firm footing after surging over 1%, 4% and 1%, respectively, in the previous week. BTC holds above key technical resistance after recording its fourth consecutive weekly gain.

World Foundation raises over $52M in token sale as World Network marks third anniversary

World Foundation, the nonprofit organization behind World Network, has raised $52.5 million through a strategic sale of its WLD token as the project marks three years since its mainnet launch. The funding round was led by Pantera Capital and included participation from Bain Capital Crypto, Eightco Holdings, Selini Capital, Susquehanna Crypto and other investors.

Bitcoin: BTC holds firm, but the $100 Oil threat could change the game

Bitcoin (BTC) is modestly recovering, trading at $65,400 on Friday and holding firmly above the key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) supported BTC’s modest recovery as they continued to attract institutional inflows through Thursday, pointing to the third consecutive week of inflows.