Close Menu
StreamLineCrypto.comStreamLineCrypto.com
  • Home
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT
  • Defi
  • Blockchain
  • Metaverse
  • Regulations
  • Trading
What's Hot

Will EU sanctions choke ruble stablecoin routes into Bitcoin?

October 7, 2025

Solana earns $2.85B as ETFs, treasuries boost institutional demand

October 7, 2025

This Major Bitcoin Metric Just Made A New Low For The First Time In 6 Years, Is An ATH Above $130,000 Coming?

October 7, 2025
Facebook X (Twitter) Instagram
Tuesday, October 7 2025
  • Contact Us
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms of Use
  • DMCA
Facebook X (Twitter) Instagram
StreamLineCrypto.comStreamLineCrypto.com
  • Home
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT
  • Defi
  • Blockchain
  • Metaverse
  • Regulations
  • Trading
StreamLineCrypto.comStreamLineCrypto.com

Bitcoin Price Slides Below $106K as Analyst Predicts Ethereum Breakout

May 29, 2025Updated:May 29, 2025No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitcoin Price Slides Below 6K as Analyst Predicts Ethereum Breakout
Share
Facebook Twitter LinkedIn Pinterest Email
ad



Bitcoin Price Slides Below $106K as Analyst Predicts Ethereum Breakout

Bitcoin

quietly slid to its weakest value in 9 days on Thursday afternoon as crypto markets cooled off after a multi-week rally from the April lows.

The highest cryptocurrency hit a session low of $105,750 earlier than rebounding to only above $106,000. It was down 1.5% within the final 24 hours, however nonetheless solely 5% away from file excessive ranges.

The CoinDesk 20 — an index of the highest 20 cryptocurrencies by market capitalization apart from trade cash, memecoins and stablecoins — has slumped 0.9% within the final 24 hours, with solana

and avalanche underperforming BTC with losses of 1.8% and a pair of%, respectively. In the meantime, Ethereum’s ether and XRP defied the downtrend with 1%-2% positive factors.

Crypto shares have had a comparatively muted session. Coinbase (COIN) is down 2.7% however Technique (MSTR) has risen 0.8%. Bitcoin mining companies Bitfarms (BITF), Bit Digital (BTBT), CleanSpark (CLSK) and Greenidge Era Holding (GREE) booked roughly 4% losses.

A examine on conventional markets confirmed U.S. equities giving again many of the positive factors on yesterday’s court docket ruling that blocked the Trump administration’s international tariffs.

Nevertheless, a U.S. appeals court docket at present reinstated the tariffs whereas the federal government appealed the sooner ruling, maybe including to investor uncertainty.

LMAX Group market strategist Joel Kruger expects a unstable experience with tariffs once more again in focus with the continuing attraction and the self-imposed July 9 deadline for commerce offers approaching, however nonetheless sees additional upside for digital belongings.

“Bitcoin stays sturdy within the latter half of the week, consolidating slightly below its latest peak whereas steadfastly holding above $100,000 for 20 consecutive days, underscoring persistent bullish momentum,” he stated.

Ether exhibits energy, analysts word

Kruger additionally famous that Ethereum’s ether exhibits indicators of snapping its multi-year downtrend towards BTC, as the company crypto treasury bonanza has reached the second-largest digital asset with SharpLink Gaming’s (SBET) $425 million fundraising plan.

Arthur Aziz, founder and investor of B2 Ventures, stated that ETH is coiling for a breakout however warned of draw back dangers.

Sharing his technical evaluation in a word, he stated the $2,750 degree has posed important barrier capping positive factors over the previous weeks, whereas the $2,550-2,450 space emerged as a key help degree. He famous that ETH is forming a bullish ascending triangle sample, which traditionally preceded rallies to larger costs.

“The stage for a future $3,000 degree breakout is being set proper now,” he stated. Nevertheless, “abusing” leverage in futures markets may set off a “sharp breakdown” under the $2,550-2,450 help zone in cascading promoting.





Source link

ad
106K Analyst Bitcoin Breakout Ethereum Predicts Price Slides
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Related Posts

Will EU sanctions choke ruble stablecoin routes into Bitcoin?

October 7, 2025

Solana earns $2.85B as ETFs, treasuries boost institutional demand

October 7, 2025

This Major Bitcoin Metric Just Made A New Low For The First Time In 6 Years, Is An ATH Above $130,000 Coming?

October 7, 2025

How Leverage.Trading Data Tracks Retail Stress From Liquidations to Early Warnings

October 7, 2025
Add A Comment
Leave A Reply Cancel Reply

ad
What's New Here!
Will EU sanctions choke ruble stablecoin routes into Bitcoin?
October 7, 2025
Solana earns $2.85B as ETFs, treasuries boost institutional demand
October 7, 2025
This Major Bitcoin Metric Just Made A New Low For The First Time In 6 Years, Is An ATH Above $130,000 Coming?
October 7, 2025
How Leverage.Trading Data Tracks Retail Stress From Liquidations to Early Warnings
October 7, 2025
SEC Aiming to Formalize ‘Innovation Exemption’ by End of Year, Chair Atkins Says
October 7, 2025
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms of Use
  • DMCA
© 2025 StreamlineCrypto.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.