Bitcoin validates a golden cross at $78,000 as altcoins fall under pressure from oil and US rates

A technical green light in the middle of a red market. Bitcoin has just validated a golden cross around $78,000, this crossing of moving averages that traders have been watching for weeks. The rest of the market did not follow suit: Dogecoin dropped 5%, BNB almost 4% and XRP 3%. Blame it on oil. The rise in oil prices has pushed US government bond yields to their highest level since the end of 2023, and all risky assets are paying the bill.

Key Points

Bitcoin signs a golden cross near $78,000, crossing the 50-day moving average above the 200-day

Dogecoin falls 5%, BNB 4% and XRP 3%, most speculative assets exit first

The rise in oil prices pushes US bond yields to their highest since the end of 2023 and closes the liquidity tap

The golden cross remains a lagging indicator: May 2020 and February 2023 bore fruit, September 2021 did not

Bitcoin forms a golden cross below $80,000

The golden cross appears when the moving average of the last 50 days exceeds that of 200 days. This configuration indicates that the recent dynamic is becoming more favorable than the long-term trend.

Bitcoin validated this crossover on Tuesday, for the first time since May 2025. BTC then continued its progression to its October peak, but this previous sequence does not guarantee a repetition of the scenario.

The golden cross is indeed based on past data. It confirms the rebound of more than 30% recorded since the July lows, but does not allow us to predict the next direction on its own. In the short term, Bitcoin maintains support around $77,800 to $78,000. The $79,000 to $80,000 zone is the first obstacle, before more significant resistance located around $82,800.

BNB, XRP and Dogecoin fall further

The relative stability of BTC contrasts with the decline of several altcoins. BNB is trading around $722 after a decline of almost 4%, while XRP is losing around 2.8% to $1.39. Solana fell 2.2% towards $102 and remains close to its psychological support of $100. Dogecoin is also down more than 4%.

These differences above all illustrate the greater sensitivity of altcoins to variations in market sentiment. When investors reduce their risk exposure, more volatile assets typically see larger movements than Bitcoin.

Ethereum is holding up better around $2,480. However, the market does not show a uniform movement: TRON remains relatively stable and Zcash extends its recent performances. The session therefore reflects more of a selection between assets than a generalized withdrawal of capital.

Oil and US rates are holding back the crypto market

Brent is trading above $100 due to ongoing tensions in the Middle East. This increase fuels inflation fears and pushes bond yields higher. The US ten-year rate reached around 4.84% on Thursday morning, close to its highest level since 2023.

At the same time, the markets assess the probability of a 25 basis point increase from the Federal Reserve in September at around 60%. The next American price statistics may further modify these expectations.