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Crypto

Bitcoin resilience after 4 percent Nasdaq drop rekindles $90,000 target scenario

Bitcoin rebounded 6.5 percent to $62,950 after holding the psychological $60,000 level, drawing attention after the Nasdaq Composite fell more than 4 percent. Filbfilb said bitcoin is holding above its 200-week simple moving average near $61,880, a level linked to past market bottoms. If support holds, the 50-week average near $92,630 is cited as an upside target. Analysts also flagged further Nasdaq downside risks.

Crypto

Bitcoin posts strongest oversold signal since 2020; is $70,000 next?

Bitcoin is showing its strongest oversold signal since the March 2020 COVID-19 market shock, drawing renewed attention to a possible rebound toward $70,000. Its daily relative strength index fell to about 15.5, well below the 30 level often seen as oversold. The signal follows a roughly 30 percent decline over the past month. Markets are focused on whether $60,000 holds, with upside seen near the 20-day exponential moving average at $70,650.

Crypto

XRP plunges 66 percent but big holders hold on; rebound factors in focus

XRP has slid to around $1.15, down about 66 percent from its July 2025 peak, stoking concern over a prolonged downturn. On-chain data show more than 25 million XRP moved off exchanges and whale wallets holding at least 10,000 tokens hit a record 332,230. Institutional money stayed positive, with spot XRP ETFs drawing $131.94 million in May. Analysts also cite heavy short positioning, oversold indicators and U.S. regulatory developments as key variables.