BTC/USD – Smart money is selling here – Trade idea explained [Video]
![BTC/USD – Smart money is selling here – Trade idea explained [Video]](https://editorial.fxsstatic.com/images/i/BTC-bearish-animal-1.png)
Potential for the further drop.
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Petar Jaćimović
FXCentrum
Petar Jaćimović was born on 8 July 1989 in Jagodina, Serbia.
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Ripple (XRP) hovers above $1.15 on Tuesday, following a rejection near $1.20. The remittance token mirrors the broader risk-off mood, with Bitcoin (BTC) stalling around $63,000 and Ethereum (ETH) trading below $1,700.
Cryptocurrency prices trade amid persistent selling pressure on Tuesday. Bitcoin (BTC) hovers near $63,000, Ethereum (ETH) above $1,650, and Ripple (XRP) around $1.14.
Venice holds near $16 on Tuesday, extending consolidation after correcting from all-time highs last week. On-chain data show a decline in token staking and burning amid a declining revenue stream, suggesting weaker demand.
Bitcoin trades slightly lower on Tuesday after struggling to hold above $64,000, a level that coincides with key daily resistance. Risk sentiment improved slightly after Iran and Israel halted a military escalation following an exchange of strikes.
Bitcoin (BTC) hovers above $62,000 at the time of writing on Friday, weighed down by growing risk-off sentiment due to persistent geopolitical tensions in the Middle East and sticky macroeconomic uncertainty. The institutional sell-off continued to wreak havoc on capital flows, with spot Bitcoin Exchange-Traded Funds (ETFs) recording billions in outflows.