XRP, ether lead crypto losses as traders eye $70,000 bitcoin next
Bitcoin failed to hold $65,000 for a fourth day as an oil rally revived inflation worries before Wednesday’s U.S. price data.
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Summary
- Bitcoin slipped below $65,000 after a fourth failed attempt to hold that level, though it remains slightly higher on the week amid weak overall crypto sentiment.
- Ether and XRP led declines among major tokens, while Solana and BNB held weekly gains and HYPE, tron and dogecoin edged higher.
- Analysts see a buildup of short positions above $65,000 and view $70,000—near bitcoin’s 200-day moving average—as the key level that could shift sentiment, as broader markets focus on rising bond yields, higher oil prices and upcoming U.S. inflation data.
