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Crypto

Ethereum slips below $2,150 as selling pressure and ETF outflows deepen losses

Ethereum slid below $2,150 after failing to break through $2,400, with analysts pointing to a shift in short-term control to sellers. The drop was linked to aggressive sell orders in Binance futures and outflows from Ethereum investment products. Spot Ethereum ETFs posted five straight sessions of net outflows totaling $255 million, while global Ethereum products also saw heavy weekly withdrawals. Some analysts flagged $2,000 to $2,100 as a near-term support zone.

Crypto

Iran digital insurance plan for ships in Hormuz Strait sparks controversy over authenticity

Reports say Iran is considering a digital marine insurance platform for ships passing through the Persian Gulf and the Hormuz Strait, with bitcoin and other cryptocurrencies mentioned as premium payment methods. Images of a website called Hormuz Safe circulated on social media, but its authenticity and whether the plan will be implemented remain unconfirmed and the site is now inaccessible. A local outlet reported the plan could generate more than $10 billion in income.

Crypto

Bitcoin faces growing downside pressure; U.S. PMI, Nvidia results in focus

Bitcoin slid to $76,500, its lowest since May 1, dropping below the 21-week EMA and exiting a bull-market support zone. The decline triggered derivatives-market shocks, with crypto long liquidations topping $670 million in 24 hours. Traders see $75,000 to $76,000 as a near-term pivot. Macro pressures include rising Middle East tensions, higher oil prices and U.S. 30-year yields above 5 percent. Investors are watching upcoming U.S. manufacturing PMI data and Nvidia earnings for further volatility signals.