How To Trade The News [Video]
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Amplify Trading Team
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Amplify Trading is a proprietary trading company specialising in the development of new trading talent offering direct experience in financial markets.
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Ripple and Stellar remain under pressure as broader market uncertainty and weak technical momentum weigh on both altcoins. XRP is hovering below the key $1 mark on Tuesday while XLM continues its corrective decline below $0.157.
The broader cryptocurrency market shows a mild easing in the persistent risk-off sentiment, with Bitcoin rising above $64,000. Polygon and Zcash have emerged as top performers over the last 24 hours, with bulls eyeing further gains. CoinMarketCap’s Fear and Greed Index at 40 on Tuesday suggests a mild recovery from risk-averse conditions.
The US Department of the Treasury is seeking public opinion on its proposed framework for implementing key provisions of the Guiding and Establishing National Innovation for US Stablecoins Act, which establishes a regulatory framework for stablecoins.
Ethereum (ETH) treasury firm BitMine Immersion Technologies (BMNR) predicts that tokenization and agentic-AI could push the top altcoin to outperform Bitcoin (BTC) in the coming cycle. BitMine continued its stock buybacks coupled with mild ETH acquisitions last week.
Bitcoin (BTC) trades around $62,900 at the time of writing on Friday, down over 3% so far this week amid cautious institutional demand and persistent geopolitical uncertainty. While BTC shows signs of stabilization, elevated Oil prices and tensions in the Strait of Hormuz continue to weigh on risk sentiment, keeping the Crypto King’s near-term outlook under pressure.
