Ether's futures market open interest has dropped significantly, with Gate.io seeing a 45% decrease. Simultaneously, nearly 480,000 ETH have left major exchanges, reducing available supply and shifting focus to the critical $1,500 support level.
Bitcoin is testing critical support levels around $66,900-$68,000 after a June 2 dip triggered significant liquidations. This zone, previously identified as a key differentiator between recovery and downside, is now under pressure from macro factors like rising Treasury yields and ETF flow sensitivity.
Bitcoin fell to $76,000, a key support level, following geopolitical warnings and a $1B outflow from spot BTC ETFs. Major altcoins also broke support. Michael Saylor's firm, however, continued buying.
MCX Gold and Silver exhibit bullish trends, with import duty hikes supporting prices. Gold aims for 170,000, while Silver targets 340,000, with key support levels at 155,000 for Gold and 262,000 for Silver.
Bitcoin and major altcoins are under selling pressure, with key support levels being tested. Analysts remain optimistic about Bitcoin's near-term prospects, citing technical indicators and external factors like the AI sector race and geopolitical tensions.
Bitcoin retagged $80,000 after falling 3% on Iran concerns, while traders flagged important BTC price support levels to preserve next.
Bitcoin fell below $78,000 on Monday, hitting $77,819 as the crypto market experienced approximately $295 million in liquidations over 24 hours. The decline tested the $77,000-$77,500 support zone while traders await the upcoming FOMC meeting on April 28-29. Analysts suggest the move appears to be a leverage flush rather than a broader risk-off event, though the trigger remains unresolved.
Bitcoin buyers aggressively purchased the dip, pushing BTC toward a potential rally to $84,000. US spot BTC ETFs recorded $996 million in inflows last week, the best weekly performance since January. Strategy purchased 34,164 BTC for $2.54 billion between April 13-19, bringing its total holdings to 815,061 BTC. However, the cryptocurrency recovery faces risk if the US-Iran ceasefire is not extended beyond Wednesday.
Crypto majors are very red following a red Tuesday across markets; BTC -3% at $88,200; ETH -6% at $2,905, SOL -2% at $127; XRP -2% to $1.88. MYX (+11%) and ZRO (+10%) led top movers. Bitcoin and Solana both fell below key technical support levels as selling pressure accelerated. Over $1B in longs were liquidated during Bitcoin’s slide below $88k. Delaware Life added Bitcoin exposure to a fixed indexed annuity by linking performance to BlackRock’s spot BTC ETF, one of the first big moves to expand crypto access inside traditional insurance products. Trump Media announced plans to airdrop crypto tokens to shareholders in February, marking its first onchain incentive tied directly to equity ownership. Coinbase CEO Brian Armstrong traveled to Davos to push for a “win-win” U.S. crypto market structure bill amid renewed regulatory momentum. Portugal’s gambling regulator blocked access to Polymarket, citing unlicensed gambling concerns as prediction markets face mounting global scrutiny. The CFTC warned it is underprepared to take on a broader crypto oversight role, as the agency faces staffing shortages after a roughly 21.5% workforce reduction. Galaxy Digital announced plans for a $100M hedge fund targeting crypto and fintech. World Liberty Fi announced its first annual form at Mar-A-Lago on Feb 18.
