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Crypto

Bitcoin tests $60,000 support as dollar, yields pressure persists

Bitcoin has entered a deep undervaluation zone on on-chain indicators, but whether the $60,000 support holds depends on the dollar and U.S. Treasury yields, an analysis said. Glassnode cited a drop in the dollar index below 99 or a decline in the 10-year U.S. yield to the 4.2 percent range as conditions for a rebound. It said spot demand and corporate buying have weakened, while options markets price greater downside risk.

Crypto

XRP transaction fees plunge 91 percent as market watches 1 dollar to 0.65 dollar support

Demand for transactions on the XRP network has shrunk sharply since last year\'s peak, shifting market attention from a short-term rebound to whether key support levels hold. On-chain indicators point to worsening sentiment and heavier loss-taking. XRP\'s 90-day average network fees fell to about 500 XRP from 5,900 XRP in February. Some analysts are watching whether XRP tests the $1 to $0.65 range as profitability deteriorates.

Crypto

ETF selling pressure grows, bitcoin may test $32,000 floor

Bitcoin could slide into the $30,000 range as institutional demand turns into net selling, an analysis showed. Data tracking institutional flows indicated selling from exchange-traded funds and corporate holdings rose to about 450 percent of daily new mining supply. Spot bitcoin ETF flows have turned clearly negative, with about $27 billion exiting over the past month. Strategy’s buying pace has slowed, and analysts warned support could break toward $32,000 or lower.