On the last business day of the week, things are not going well for cryptocurrencies. When momentum is lost, the rise reverses and Bitcoin It also turned down because it could not overcome the $98,000 resistance. If $94,000 is lost in the coming hours, we can see $90,000 tested. So what do analysts say?
Altcoins Latest Status
BTC It tested the daily bottom of $95,133 at the time of writing, and altcoins continue on their way with losses exceeding 3 percent. This decline was expected due to the failure to gain the $98,000 resistance. In general, when momentum is lost, the decline is expected to accelerate, especially in environments where such uncertainty is evident. ETHBTC Although DaanCrypto, looking at its parity, is still hopeful, it is useful to be cautious.
“ETH is still trailing the Daily 200MA against BTC.
Usually, these slow rises result in an acceleration at some point. If such a situation happens, there is a high probability that it will attract other altcoins with it.
However, it is important to keep it below the Daily 200MA (Purple). It is necessary for BTC to remain above $94,000 to maintain the bullish structure in the low time frame.”
Since ETH lost $ 3,300 with the last BTC drop, we can say that we may not see a process such as positive divergence of altcoins.
Important Developments
Supreme Court tariff decision It will come next week and there will be statements from Fed members in the coming hours. Trump will speak at 2 events, but no surprises are expected as he has said everything he has to say about tariffs while reducing tensions with Iran. If the tariffs are canceled, a 10% tax will be imposed on all countries, and the short-term additional tax authority of 15% will probably be used to balance the previous rates, so plan B is ready.
There have been many important developments in the last 24 hours;
- 68% of S&P 500 stocks are currently above their 200-day moving average, the strongest breadth since 2024.
- State Street has launched a digital asset platform focused on tokenized assets for institutions.
- West Virginia has proposed allowing up to 10% of state treasury funds to be invested in precious metals and large-cap crypto assets.
- KBC from Belgium will offer BTC and ETH trading services under MiCAR through the Bolero platform.
- Solana’s RWA ecosystem reached a new ATH level of $1.15 billion.
- Crypto card volumes are growing at 106% CAGR.
- Uranium prices jumped to their highest level since July 2024.
