Bitcoin Struggles to Break Resistance at $114,000
Bitcoin (BTC) is trading around $114,000, facing strong resistance amid mixed market sentiment.
Analysts point to concerns over ETF outflows and weak trading volume as key factors. Critical support is currently at $112,000, with a break below potentially signaling further downside.
Read more: Bitcoin mining: Everything you need to know about Bitcoin mining
Ethereum Prepares for ‘Pectra’ Upgrade
Ethereum (ETH) is trading at $3,620 as developers gear up for the ‘Pectra’ upgrade, aimed at improving network efficiency and reducing transaction costs.
Market sentiment is neutral, with a Fear & Greed Index of 54. The upgrade could provide a bullish catalyst if successfully implemented.
Read more: Bitcoin vs Ethereum: Which is Better for Investment?
BNB Dips Below $770
BNB is trading at $769.81, showing a 2.59% increase over the past 24 hours. However, regulatory uncertainties continue to weigh on sentiment. Traders remain cautious as the token tests key support levels.
Solana Faces Critical Juncture at $163
Solana (SOL) is trading around $163.30, with technical indicators suggesting short-term bearish pressure.
Despite this, institutional interest remains strong, providing a potential floor for the asset. Market participants are closely watching for a breakout or breakdown.
Read more: Cardano vs Solana: Which is Better for Investment?
Breaking News: Philippines Blocks Unregistered Crypto Exchanges
The Philippines SEC has directed telecom providers to block access to ten unregistered crypto exchanges, including OKX and KuCoin.
This regulatory crackdown highlights increasing scrutiny in the region.
Read more: Cryptocurrency Trading: The Essentials Before You Start.