![NKB Weekly Update for the Crypto Market Video [Video]](https://editorial.fxstreet.com/images/Markets/Currencies/Cryptocurrencies/financiera-comercial-grafico_XtraLarge.jpg)
Kraken acquire the FCA regulated Crypto Facilities, Zcash, Bitfury, Brock Pierce outlines his 'Gox Rising' project and more.
Author
Jamie Farquhar
NKB Group
Jamie Farquhar began his career as an Emerging Markets FX trader for a top tier investment bank in London.
Ripple edges lower at the time of writing on Tuesday, from the daily open of $1.48, as headwinds persist across the crypto market. A short-term support is emerging at $1.45, but a buildup of bearish positions could further weaken the derivatives market and prolong the correction.
Bitcoin edges lower on Tuesday, extending consolidation in a trading range for over ten days. Market conditions remain defensive, with sustainable recovery depending on renewed spot demand, report says.
The cryptocurrency market extends weakness with major coins including Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) trading in sideways price action at the time of writing on Tuesday.
Meme coins, including Dogecoin, Shiba Inu, and Pepe, are under pressure on Tuesday, extending Sunday’s decline. The derivatives data show substantial outflows from DOGE, SHIB, and PEPE futures Open Interest, primarily driven by long-side-skewed liquidations.
Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.
Bitcoin (BTC) price slips below $67,000 at the time of writing on Friday, remaining under pressure and extending losses of nearly 5% so far this week.