Profit-taking after bitcoin hit a $65,500 monthly high combined with fresh Iranian strikes on U.S. bases sent crypto lower, with bears leading price action across most tokens.
- Bitcoin retreated to $64,000 after hitting a monthly high of $65,500 on Wednesday as profit-taking and Iranian strikes on U.S. military bases in the Gulf triggered declines.
- Bears are leading price action across most altcoins, with negative cumulative volume deltas pointing to market-order selling. Open interest in XRP futures climbed to a 10-day high alongside a price decline, a combination that typically signals growing bearish exposure.
- MORPHO was the standout, rising 3.5% as it targets the $2.20 resistance level. Robinhood Chain memecoin CASHCAT drew attention as its market cap retreated to $91 million having hit $220 million in its first week.
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Why it matters :
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Crypto under weekend pressure, bitcoin slides below $80,000 on U.S. Middle East evacuations
Franklin Templeton adds $150 million in fund shares to XRP Ledger, all in one wallet
Robinhood sees surge in bitcoin, gold prediction markets as traders move beyond sports
Strategy, Strive face balancing act between bitcoin buying and preferred stock dividends
Block's new voice AI sounds eerily human, sparking awe and scam fears
Crypto under weekend pressure, bitcoin slides below $80,000 on U.S. Middle East evacuations
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