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.

Crypto

XRP posts 23,500 percent 10-year gain, compared with bitcoin, gold, Tesla and Apple

A claim has emerged that XRP rose about 23,500 percent over the past 10 years, outpacing gains in bitcoin, gold, Tesla and Apple over the same period. Lawyer Bill Morgan, known as an XRP supporter, said XRP’s long-term returns beat major assets, citing estimates produced by xAI chatbot Grok. Critics questioned the comparison, saying it relied on a start date favorable to XRP and noting it remains below prior cycle highs.