Tanya Abrosimova
Independent Analyst
- Bitcoin (BTC) dropped back below $9,300 amid slow trading activity.
- Altcoins are mostly range-bound with bearish bias during early Asian hours.
Bitcoin and all major altcoins are nursing marginal losses during early Asian hours on Thursday. Tezos is a notable exception is Tezos (XTZ) that gained over 30% in the recent 24 hours amid the news about Coinbase listing. The total cryptocurrency market capitalization has not changed since this time on Wednesday. It is registered at $251 billion; an average daily trading volume decreased from $89 billion to $79 billion, while bitcoin's market share stayed at 66.8%.
Read also: Tezos (XTZ) whopping 30% spike in the wake of Coinbase secure staking support
Top-3 coins price overview
BTC/USD hit the intraday high at $9,373 during early Asian hours and retreated to $9,265 by the time of writing. The first digital coin has stayed mostly unchanged both on a day-to-day basis and since the beginning of Thursday. Bitcoin movements are limited by a tight range where SMA100 (Simple Moving Average) daily serves as a strong resistance barrier (currently at $9,583).
Ethereum, the second-largest digital asset with the current market capitalization of $20.5 billion, has retreated from the recent high of $194.80. Unchanged on a day-to-day basis, ETH/USD has lost about 1.5% since the beginning of the day to trade at $188,20 by the time of writing. Looking technically, ETH/USD stays above SMA100 daily, which is a positive signal in the short run.
Read also: Ethereum technical analysis: ETH/USD drops below $190
Ripple’s XRP failed to settle above $0.3000 once again. The third digital coin with the current market value of $13 billion has barely changed in recent 24 hours and lost over 4% on its value since the beginning of Thursday. At the time of writing, XRP/USD is trading at $0.2969.
Read also: Ripple price analysis: XRP/USD aggressively fights to stay above $0.30
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Bitcoin holds $84,000 despite Fed’s hawkish remarks and spot ETFs outflows
Bitcoin is stabilizing around $84,000 at the time of writing on Thursday after facing multiple rejections around the 200-day EMA at $85,000 since Saturday. Despite risk-off sentiment due to the hawkish remarks by the US Fed on Wednesday, BTC remains relatively stable.
Crypto market cap fell more than 18% in Q1, wiping out $633.5 billion after Trump’s inauguration top
CoinGecko’s Q1 Crypto Industry Report highlights that the total crypto market capitalization fell by 18.6% in the first quarter, wiping out $633.5 billion after topping on January 18, just a couple of days ahead of US President Donald Trump’s inauguration.
Top meme coin gainers FARTCOIN, AIDOGE, and MEW as Trump coins litmus test US SEC ethics
Cryptocurrencies have been moving in lockstep since Monday, largely reflecting sentiment across global markets as United States (US) President Donald Trump's tariffs and trade wars take on new shapes and forms each passing day.
XRP buoyant above $2 as court grants Ripple breathing space in SEC lawsuit
A US appellate court temporarily paused the SEC-Ripple case for 60 days, holding the appeal in abeyance. The SEC is expected to file a status report by June 15, signaling a potential end to the four-year legal battle.
Bitcoin Weekly Forecast: Market uncertainty lingers, Trump’s 90-day tariff pause sparks modest recovery
Bitcoin (BTC) price extends recovery to around $82,500 on Friday after dumping to a new year-to-date low of $74,508 to start the week. Market uncertainty remains high, leading to a massive shakeout, with total liquidations hitting $2.18 billion across crypto markets.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.