Bitcoin price tested resistance around $68,000 amid gains for US stocks.The uptick came amid investor reaction to President Trump’s comments on the Iran war.Analysts say Trump’s posts this week could be weightier than macroeconomic data releases.Bitcoin (BTC) hovered near highs of $68,000 on Monday as traders braced for potential market-moving signals this week.The benchmark cryptocurrency rose as US stocks jumped amid news that President Trump is looking to end the Iran operation.As the broader market enters what many see as a “wait-and-see mode,” analysts warn that beyond key macroeconomic data releases, US President Donald Trump’s commentary and events in Iran could be crucial to the next moves in BTC and the broader crypto market.Bitcoin retests $68k amid Trump’s war commentsBitcoin surged to the $68,000 resistance on Monday, March 30, 2026, mirroring a broad stock market rally sparked by President Donald Trump’s optimistic comments on winding down U.S. military operations in Iran.The Dow Jones Industrial Average climbed by more than 300 points, while the S&P 500 and Nasdaq Composite advanced 0.5% and 0.2%, respectively.Investors interpreted Trump’s Truth Social post as a de-escalation signal amid the ongoing conflict.“The United States of America is in serious discussions with a new, and more reasonable regime to end our military operations in Iran,” Trump posted, adding that “great progress has been made.”Trump, however, typical of his posts, tempered optimism.He warned that if the US does not hit a deal with Tehran and absent an immediate reopening of the Strait of Hormuz, the US would end its “lovely ‘stay’ in Iran by blowing up and completely obliterating” the electricity grid, oil wells, and Kharg Island.Bitcoin price outlookBTC had gained amid the optimism, testing resistance around $68,080. However, prices hovered near $67,770 as the initial surge slowed.Analysts at derivatives platform Greeks.live have highlighted that Bitcoin’s short-term implied volatility has dipped below 50%.BTC has consolidated around current prices, with analysts saying the market has entered a “wait-and-see” phase.More significantly, the analysts opine that what Trump says next on the Iran conflict could be a key volatility trigger.“The market has entered a wait-and-see mode,” the analysts stated. “This Friday’s unemployment rate and nonfarm payroll data are particularly important, and while there is a significant amount of macroeconomic data this week, none of it carries as much weight as President Trump’s tweets.”This emphasis stems from Trump’s outsized influence on sentiment, with the ongoing Iran war and threats to the Strait of Hormuz, a major factor.Hormuz is a critical chokepoint for 20% of global oil supply, and escalations related to a blockade have recently spiked energy prices and stoked inflation fears.With US forces bolstering their presence in the region, any of Trump’s posts on Truth Social could drive rapid repositioning.From a technical perspective, BTC faces key resistance at $68,500, but a fresh break below $65,000 could allow bears to target $62,000.The post Bitcoin tests $68K as Trump says the US looking to end Iran operation appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/UndZbvF

Bitmine has increased its Ethereum (ETH) holdings to over 4.73 million.The company is adding to its ETH treasury strategy despite market struggles.Ethereum price holds near $2,000.Bitmine Immersion Technologies, led by Tom Lee, has accelerated its Ethereum acquisitions, marking its largest purchase of 2026 so far.According to a company update, Bitmine’s total Ethereum holdings have risen to more than 4.73 million ETH, while its combined crypto and cash reserves now exceed $10.7 billion.The firm has also expanded its staking activity, even as Ethereum trades near the $2,000 level amid broader weakness in the crypto market.The downturn has prompted notable capital outflows from ETH-focused investment products.Largest weekly purchase lifts holdingsIn a Monday update, Bitmine said it executed its biggest weekly Ethereum purchase of the year, acquiring 71,179 ETH.The transaction lifted its total ETH treasury to 4.73 million tokens, representing about 3.92% of Ethereum’s total supply.The latest purchase significantly exceeds the firm’s recent weekly average of 45,000–50,000 ETH, underscoring a more aggressive accumulation strategy.This contrasts with broader market behavior, where many digital asset treasuries have either paused purchases or liquidated holdings amid declining prices.Crypto outperforms despite macro headwindsOngoing macroeconomic and geopolitical pressures have weighed on risk assets.Commenting on the trend, Bitmine chairman Thomas Lee said:“As the Iran war enters its fifth week, ETH and crypto have outperformed the broader market, with ETH outperforming equities by 1,160 basis points. This stands in contrast to gold, which has underperformed by more than 750 basis points. Crypto is demonstrating its potential as a wartime store of value.”Bitmine remains one of the few large corporate buyers maintaining a consistent accumulation strategy despite market headwinds.In contrast, Michael Saylor’s Strategy—the world’s largest corporate holder of Bitcoin—recently paused its 13-week buying streak.Ethereum holds above $2,000 despite outflowsEthereum has remained resilient around the $2,000 level and is up nearly 10% over the past month, although upside momentum remains limited.The asset has held near this range despite persistent exchange outflows and cautious institutional sentiment.Data from CoinShares showed that ETH investment products recorded $222 million in net outflows last week.Bitcoin products also saw outflows of more than $194 million, contributing to a broader $414 million withdrawal across crypto investment vehicles.Long-term conviction persistsDespite these outflows, Bitmine’s continued accumulation highlights strong long-term conviction among select institutional players.The Ethereum Foundation also signaled a similar stance, staking more than $46 million worth of ETH on Monday.Looking ahead, Ethereum prices could benefit from underlying resilience and potentially move higher in the coming weeks or months.However, a break below the $2,000 level remains a risk if negative sentiment intensifies. The post Bitmine hits 4.73M ETH with biggest 2026 buy amid outflows appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/HrM9cJW

Bitcoin price tests $65,000 support amid oversold conditions and weak momentum.Rising US real yields and oil prices weigh on short-term buying pressure.Traders should watch the $68,400 resistance and $65,100 support for the next moves.Bitcoin (BTC) is showing signs of short-term fatigue as it navigates a tricky market environment.After failing to break above resistance near $68,400, BTC has retreated toward critical support between $65,600 and $65,100.The cryptocurrency is now hovering in a delicate range, where technical oversold signals clash with potent macroeconomic pressures.Technical analysisThe seven-day RSI currently sits at 32.37, suggesting that Bitcoin is nearly oversold.Bitcoin price chartThis level often indicates a potential bounce, but the market has yet to show sustained buying strength. Short-term momentum is fragile, with price action struggling to maintain levels above $66,000.Even though buyers have defended the $65,600 band so far, a break below $65,100 could signal a deeper correction.Resistance remains firmly in place at $68,400, and attempts to push past it have been met with immediate selling. Traders should closely watch the $68,000–$68,500 zone, as it represents the ceiling for any short-term recovery attempts.In this range-bound setup, the market is consolidating rather than trending decisively.The macro headwinds shaping Bitcoin price movementsBitcoin’s short-term struggles are compounded by external pressures.Rising real yields, especially on 10-year TIPS in the United States, have increased the appeal of government bonds over risk assets like BTC.As a result, investors seeking yield are diverting capital toward these safer instruments, leaving Bitcoin with weaker demand.At the same time, WTI crude oil prices have surged past $103 per barrel and Brent crude oil prices have hit $114, adding another layer of market uncertainty.Energy-driven inflationary concerns make the broader financial environment more cautious, further dampening appetite for speculative assets.Adding to the pressure, a $2.2 billion payout by the FTX Recovery Trust to FTX creditors is scheduled for March 31, 2026.Recipients may choose to liquidate portions of their holdings, which could add temporary selling pressure and keep BTC range-bound.Even large buyers, often referred to as whales, are active but appear to be accumulating cautiously below $70,000.This cautious accumulation suggests that institutional players are positioning for the long term but are unwilling to push aggressively at current levels.What traders should expect this week?Short-term momentum is still weak, so any bounce is likely to be contained unless macro conditions improve.Overall, Bitcoin is at a crossroads, balancing oversold technical conditions against persistent bear pressures from rates, oil prices, and potential selling catalysts.Traders should monitor the $65,100 level closely, as a decisive hold here would support consolidation between $65,100 and $68,000.A break below this band could open the door to a further decline toward $63,000 or lower.On the upside, sustained moves above $68,400–$68,500 would be required to challenge resistance near $70,000.The post Bitcoin stalls near $66K: is a bigger drop coming this week? appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/79ruzNo

XRP, Solana, and Cardano prices hover near $1.30, $80, and $0.24, respectively.Currently, BTC trades around $66,430 after retreating from highs of $68,000.Analysts say the week is heavy on macroeconomic data releases, and that’s likely to impact volatility.XRP, Solana, and Cardano prices hover at critical support levels amid a potentially volatile week for cryptocurrencies, with Bitcoin poised just above $66,000 as traders brace for a fresh wave of macroeconomic data.While geopolitical risk from the Iran war continues to roil markets, investors weighing the next moves might also want to pay attention to key macroeconomic events this week.QCP Group has noted, via a post on X, that these data releases will likely shape the next leg of the Bitcoin price.On Monday, analysts at Greeks.live opined that, in addition to macroeconomic factors, volatility could also hinge on announcements from US President Donald Trump.Bitcoin led altcoins briefly higher after Trump announced that the US was looking to end its military operation in Iran.Key macro events to watch this weekThis week’s macro calendar is packed, with analysts at QCP Capital highlighting several data releases as potential volatility triggers across traditional markets and cryptocurrencies.For investors, the key focus is how incoming data shapes expectations for US growth, inflation, and the interest-rate path—factors that continue to drive risk assets, including Bitcoin.Key macro events to watch for this week:
Mar 31: CAD GDP m/m
Mar 31: US Consumer Confidence, JOLTS Job Openings, Chicago PMI
Apr 1: S&P Global US Manufacturing PMI, ISM Manufacturing PMI
Apr 2: Jobless Claims, Trade Balance
Apr 3: Non-Farm PayrollsMain volatility triggers:…— QCP (@QCPgroup) March 31, 2026On March 31, attention turns to US Consumer Confidence, JOLTS Job Openings, and the Chicago PMI.QCP identifies JOLTS as a key volatility catalyst, as signs of labour market cooling or tightness directly influence Federal Reserve expectations and the dollar, with spillover effects on crypto flows.Tokens such as XRP, Solana, and Cardano are likely to track Bitcoin’s direction.On April 1, the S&P Global US Manufacturing PMI and ISM Manufacturing PMI will be released, with the ISM reading seen as particularly important.A weaker print could strengthen expectations for rate cuts and support crypto, while stronger data may reinforce a “higher for longer” rate outlook and weigh on digital assets.A similar dynamic applies to jobless claims data, another closely watched indicator.A sharp rise could signal labour market weakness and potentially support Bitcoin as markets adjust expectations for monetary easing.The week culminates on April 3 with the release of US Non-Farm Payrolls (NFP).QCP flags this as a primary macro event that could revive inflation concerns and strengthen the dollar.Historically, a stronger greenback has pressured Bitcoin, while softer payrolls tend to support the broader digital asset market through expectations of looser policy.XRP, SOL, and ADA price outlookFrom a technical perspective, Bitcoin enters this data-heavy period with a constructive but fragile setup on the daily chart.Traders are balancing macroeconomic risks with geopolitical tensions, particularly around the Iran conflict and disruptions linked to the Strait of Hormuz.The result is a market caught between competing drivers of volatility, with implications across risk assets.Bitcoin’s sensitivity to incoming data could drive broader moves in altcoins.XRP is holding near $1.30 support but may slip toward $1.20 if BTC weakens following non-farm payrolls data.On the upside, softer inflation readings could support a move toward $1.50.Solana (SOL), trading near $80, is testing key moving averages and could face downside risk toward $70.A stronger bullish push, however, may open the path toward $100.Meanwhile, Cardano (ADA) has declined to around $0.24, with potential for further downside toward $0.22.A renewed influx of buyers could instead see the token attempt a move back toward the…

StakeStone price jumped from $0.11 to above $0.26, going vertical amid a spike in daily volume.The sharp gain follows a whale accumulating over 25.5 million STO tokens.STO price could see a steep pullback amid profit-taking deals.StakeStone (STO) price exploded during early trading on April 1, pumping more than 130% to hit a new all‑time high.The vertical action, which occurred amid a broader consolidation across the crypto market, saw STO’s intraday trading activity surge.The token is in price discovery, but can the lofty levels hold?Why StakeStone jumped 136% todaySTO token posted a sharp intraday surge on Wednesday, significantly outperforming the broader altcoin market.While most cryptocurrencies traded near key support levels, STO jumped from around $0.11 to a new all-time high above $0.26.The move marked a gain of roughly 136% and made it the top performer among the 500 largest cryptocurrencies by market capitalisation.The rally appears to have been driven by a large transaction linked to a newly created wallet.Data from Lookonchain shows the wallet withdrew more than 25.5 million STO tokens, valued at over $4.85 million, from Binance.The holdings represent approximately 11.32% of StakeStone’s circulating supply, suggesting concentrated accumulation that may have contributed to the sharp price movement.The price of $STO surged from $0.11 to $0.26 today, a 136% increase.A newly created wallet(0x5e2E) withdrew 25.5M $STO($4.85M) from #Binance in the past 20 hours, 11.32% of the circulating supply.https://t.co/UhTfZhT8CS pic.twitter.com/GAI5Y2L8LE— Lookonchain (@lookonchain) April 1, 2026 The transfer acted as an immediate and powerful demand shock, with the size of the order absorbing available sell liquidity near the market price.It forced quotes higher as market makers and sellers adjusted to the sudden imbalance between bids and offers.With limited resting supply at higher levels, the price moved rapidly upward as each successive fill occurred at incrementally higher prices.Data from CoinMarketCap shows a 560% increase in intraday volume, with over $190 million traded in the past 24 hours.StakeStone’s market cap was also sharply up, as STO printed a new all-time high.Prices hovered around $0.25 at the time of writing, up more than 390% since the all-time low of $0.049 on February 6, 2026.STO price outlook — is a sharp decline next?From a technical perspective, STO’s chart now reflects a near‑vertical candle following the 136% single‑day move.Price currently hovers well above recent consolidation zones and historical trading ranges.Such abrupt expansions in price and volume often leave the token looking temporarily extended.In the market, this type of structure frequently precedes volatile retracements as the market digests the move and short‑term participants reassess risk and reward.StakeStone Price ChartSTO price chart by TradingViewGiven the magnitude and speed of the rally, a period of profit‑taking and a potential steep pullback cannot be ruled out.A rapid unwind of intraday positions could see STO test lower levels, with $0.19 key.If selling intensifies, the next major support zone could be $0.15-$0.11.However, the reduced circulating supply could help support prices and allow for an extended, though volatile, ride to new highs.The post Here’s why StakeStone price exploded 136% to new ATH appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/P63ZV4H

Solana (SOL) price consolidates near $80 support amid strong fundamentals.Institutional staking and brokerage access boost Solana adoption.Key resistance at $87.65, and a breakout could target $97–$107.Solana’s native token, SOL, has been showing signs of consolidation as it struggles to break through key resistance levels.Despite a slight bounce today, the price remains confined below the $88 range.At the same time, traders should closely monitor the altcoin which is currently hovering near the critical support at around $80, which has acted as a short-term floor for buyers.On the surface, Solana’s technical structure appears cautious, with short-term momentum indicators showing weak buying pressure, but underneath this, Solana’s ecosystem is growing at a remarkable pace.Solana’s fundamental strength fuels long-term confidenceOne of the most compelling aspects of Solana’s recent performance is the surge in institutional and real-world adoption.The network now hosts more than $2 billion in tokenized real-world assets according to rwa.xyz.This milestone underscores Solana’s role not just as a blockchain for decentralized applications, but as a platform capable of handling complex financial instruments.Institutional interest has also taken a significant step forward.Staking products offering competitive yields have been launched, allowing both retail and institutional investors to earn returns on their SOL holdings.These developments provide additional utility and financial incentives for participants, reinforcing Solana’s position as more than a speculative asset.Adding to this, several traditional brokerage platforms including Galaxy now offer custody and trading services for SOL.This integration reduces barriers for institutional investors and opens the door for mainstream adoption.With access to regulated platforms, capital inflows could increase steadily, strengthening the network’s financial layer and liquidity.On-chain activity remains robust as well, and the blockchain continues to see high transaction throughput, and its dominance in tokenized equity markets demonstrates that adoption is moving beyond hype-driven speculation.Taken together, these factors highlight a token with real-world utility and strong growth potential.Technical resistance holds back SOL’s priceShort-term market sentiment remains cautious, with recent outflows from Solana-focused ETFs reflecting institutional hesitancy despite the network’s improvements.While the fundamentals are building, the price is still confined by technical hurdles.SOL has found immediate resistance near $87.65, with historical data suggesting further caps at $97.56 and $106.95.Solana price chartOn the downside, the support zone at $75.85–$80.00 is critical for near-term stability.A daily close below these zones could trigger a sharper decline toward $63.72, which has historically acted as a longer-term support.Solana price outlookOverall, Solana (SOL) is at a pivotal point where its fundamentals are strong, but the market has yet to fully recognize them.Price action will likely depend on whether buyers defend support and whether institutional capital begins flowing into the network.In the short term, traders should closely watch the near-term support zone between $80 and $77.32, since holding this level is crucial to prevent further selling pressure.In case of a rebound, the immediate resistance is at $87.65, which if cleared could open the door to a rally towards higher targets at $97.56 and $106.95.The post SOL price stalls below key resistance even as Solana’s fundamentals surge appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/LyIkZpo

Key takeawaysZCash is one of the worst performers among the top 30 cryptocurrencies by market cap, down 3.5% in the last 24 hours.The coin could rally higher in the near term amid demand for privacy-focused cryptocurrencies. ZEC slips as broader market recoversZEC, the native coin of the Zcash ecosystem, is down by 3.5% in the last 24 hours, making it one of the worst performers among the top 30 cryptocurrencies by market cap.It is trading at $241 per coin, down from the $257 recorded on Tuesday. The bearish performance comes amid a decline in Zcash’s derivatives data.According to CoinGlass, ZEC’s futures’ Open Interest (OI) reads $438 million, down from the $473 million recorded on Tuesday, reflecting the decreased notional value of open contracts.
Typically, an OI decline during a dip in spot price reaffirms the bearish narrative as traders anticipate further recovery.Technical outlook: Will Zcash price recover above $250 soon?The ZEC/USD 4-hour chart is bullish but inefficient as Zcash’s price faced rejection above the $250 psychological level. It is currently trading below its 50-day EMA of $248c, suggesting that the bulls failed to take advantage of the recent rally. Despite that, the near-term bias is cautiously bullish as ZEC holds above the recent lows, while remaining capped beneath the long-standing descending resistance line.If the bulls regain control and ZEC’s daily candle closes above $250, it would confirm the upside breakout and open the path toward the 200-day EMA at $274, followed by the 23.6% Fibonacci retracement level at $362. The Moving Average Convergence Divergence (MACD) line has turned higher above the signal line and moved back into positive territory on the 4-hour chart, suggesting strengthening upside pressure. ZEC/USD 4H ChartThe Relative Strength Index (RSI) at 61 reinforces the recovery of bullish momentum without signaling overbought conditions.On the downside, if the rejection candle holds, ZEC could drop towards the 38.2% Fibonacci retracement level at $231, followed by the rising trendline near the $200 psychological support level.The post ZEC dips 3.5% despite broader crypto market’s recovery appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/0rN1OiV

Key takeawaysBinance’s BNB is down 4.5% in the last 24 hours and now trades below $590.The bearish performance comes as President Trump threatens to attack Iran’s power plants. BNB (formerly Binance Coin) is currently trading below $585 as of Thursday, continuing its three-week decline. The correction has deepened following US President Donald Trump’s statement that the ongoing US-Iran conflict could last until late April, which has dampened investor sentiment towards riskier assets. From a technical standpoint, momentum indicators are signaling a potential for further downside in BNB.Trump’s remarks weigh on market sentimentBitcoin, Ether, BNB, and XRP are in the red after President Trump warned on Wednesday that the US-Iran war could extend until late April. He also threatened to target Iranian power plants and stated that Iran would be sent back to the “Stone Age” if an agreement is not reached.These statements have tempered hopes for de-escalation, further reducing investor appetite for riskier assets. As a result, the US Dollar (USD) and oil prices have strengthened, while US equities and other high-risk assets have come under pressure. Retail interest in BNB has also declined in recent days. According to CoinGlass, BNB’s long-to-short ratio reads 0.80 on Thursday, its lowest point in a month. A ratio below one indicates bearish market sentiment, with traders betting on a further decline in BNB’s price.BNB could dip to February’s lowThe BNB/USD 4-hour chart is bearish and inefficient as BNB has underperformed in recent days. Currently, BNB is trading well below the 50-day, 100-day, and 200-day Exponential Moving Averages, which all trend higher above the current price and frame a broader bearish backdrop. The Relative Strength Index (RSI) on the 4-hour chart reads 42, below the neutral 50, indicating a bearish bias. The Moving Average Convergence Divergence (MACD) is also drifting deeper below the zero, signaling persistent selling pressure rather than a completed downside exhaustion.BNB/USD 4H ChartIf the bearish trend persists, BNB will retest the initial support at $570.16 (February’s low). A break below this level would open the way toward lower daily lows and deepen the corrective phase toward the key psychological level at $500.However, if the bulls regain control of the market, they would encounter immediate resistance at $697, in line with the descending EMAs.A sustained recovery above this barrier would be needed to ease the current bearish tone and expose the next resistance at $790.79. The post BNB slips below $590 as Trump threatens to strike Iranian power plants appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/wyKOhMp

Key takeawaysBTC is down 2%, erasing the recovery earlier this week,US-listed spot ETF recorded an outflow of $173.73 million on Wednesday, breaking its two days of inflow this week.Bitcoin faces continued losses amid weaker institutional demandBitcoin (BTC) prices continued to decline on Thursday, trading below $67,000, almost completely erasing the recovery from earlier in the week. Institutional demand also appears to be faltering, as spot Exchange Traded Funds (ETFs) experienced a significant outflow of over $173 million on Wednesday, ending a two-day streak of inflows. This decline in demand coincides with a growing sense of bearish sentiment in the market, which is further amplified by US President Donald Trump’s recent remarks suggesting an escalation of the ongoing conflict.On Wednesday, President Trump addressed the nation, warning that the ongoing conflict could drag on until late April. He stated that the US would take extreme measures over the next two to three weeks, including threats to attack Iranian power plants and send Iran back to the “stone age” if no agreement is reached.These statements have dampened hopes for de-escalation, which in turn has reduced investor appetite for riskier assets. The US Dollar (USD) and Oil prices have risen as a result, while US equities and other risk assets have suffered, effectively erasing the gains Bitcoin saw earlier this week.Data from CoinGlass indicates that institutional interest in Bitcoin remains uncertain. Spot Bitcoin ETFs saw a significant outflow of $173.73 million on Wednesday, following two days of positive inflows earlier this week. This suggests indecisiveness among institutional investors, who appear hesitant to increase exposure to risk assets amid ongoing market uncertainty.According to Glassnode’s weekly report on Wednesday, Bitcoin remains trapped within a broad trading range of $60,000 to $70,000. While the market shows early signs of stabilization, it has not yet shown enough momentum to break decisively in either direction.The report indicates that Bitcoin’s on-chain conditions reflect a continued period of repair, with elevated supply in loss and long-term holder capitulation still not fully resolved. However, spot demand has shown some improvement, signaling that sellers are not entirely in control of the market anymore.Bitcoin Price Forecast: BTC could record further lossesThe BTC/USD 4-hour chart is bearish and efficient as Bitcoin is trading below $66,400 on Thursday, erasing the recovery from earlier this week. The near-term bias is mildly bearish.Bitcoin remains capped well below the clustered 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs) between roughly $70,800 and $84,800, which reinforces downside pressure despite the recent bounce attempts. Currently, the technical indicators are bearish. The Relative Strength Index (RSI) on H4 sits at 51, just above the midline. The Moving Average Convergence Divergence (MACD) remains below the signal line, indicating persistent selling pressure.If the market continues its decline, sellers would meet immediate support at $65,900. Breaking this level would expose the key psychological level at $60,000.BTC/USD 4H ChartOn the flipside, if the bulls regain control of the market, they would encounter resistance at the $69,200 level, with the major resistance around $72,600. A daily close above $72,600 would signal a bullish break from the sideways structure and open the door toward the 100-day EMA near $76,400.The post Bitcoin slips below $67k as ETF outflows curb risk appetite appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/XqD4Csd

Key takeawaysETH is up by less than 1% and now trades above $2,050.The bulls defended the $2,000 support level, with further upward movement on the card. Ethereum is up by less than 1% at the time of writing on Friday, halting the bearish performance that gripped the market on Thursday. The coin could rally higher in the near term as buyers have stepped in over the past few hours. Onchain data paints a mixed picture for EtherETH is trading above $2,050 at press time, but onchain data paint a mixed picture for the top altcoin. Over the past week, investors across different cohorts have cracked under pressure.According to the onchain data, wallets with a balance of 10K-100K, which have been major buyers throughout the recent downtrend, offloaded 340K ETH between March 24-30. However, the wallets flipped back to buying on Tuesday, scooping 270K ETH across the past two days.On the other hand, wallets with 100-1K and 1K-10K ETH continued distribution, scaling down their holdings by roughly 200K ETH over the past week.In addition to that, US spot ETH exchange-traded funds (ETFs) have also posted a similar trend. The ETFs have recorded only two days of inflows over the past two weeks of trading, indicating a bearish bias. Ethereum Price Forecast: Bulls defend the $2k psychological levelThe ETH/USD 4-hour chart is bullish and efficient as Ether recorded its first monthly gain in six months. At press time, ETH is trading at $2,062. Its near-term bias remains mildly bullish as ETH is trading below the 20- and 50-day Exponential Moving Averages (EMAs), which cap advances at around $2,080 and $2,160.ETH/USD 4H ChartThe Relative Strength Index (RSI) reads 53, slightly above the neutral level, while the MACD has stabilized around the midline, both indicating a growing bullish momentum. If the recovery persists, the bulls would face immediate resistance at $2,108, followed by $2,389 and then $2,746. A daily close above $2,108 would be the first step to ease pressure and expose the higher resistance band toward the 100-day EMA and $2,389.However, if the sellers regain control, ETH would test the initial support at $1,911, followed by $1,741 and $1,524. If ETH continues to trade below $2,108, it risks drifting back toward the $1,700 area in the near term.The post Ether targets the $2,166 resistance as buyers step in appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/o0Un6cp

Key takeawaysPYTH is up 9% in the last 24 hours, outperforming other major cryptocurrencies.The rally comes following Pyth Network’s integration with Polymarket.PYTH, the native coin of the Pyth Network, is one of the best performers in the crypto market over the past 24 hours. It could rally higher in the near term as the broader market recovers from Thursday’s slump.PYTH rallies on Polymarket integrationOn Thursday, Pyth Network revealed in a blog post that Polymarket, the world’s largest prediction market platform, has integrated Pyth Pro as its data source for a new suite of traditional asset contracts.The initial offerings include gold, silver, and major equity index ETFs. Polymarket now relies on Pyth Pro’s data to power its daily up/down and daily close markets, with live price charts updated every second to ensure full transparency.The integration has seen PYTH rally by 9% in the last 24 hours and now trades at $0.0420 per coin. Pyth Pro provides real-time price data through WebSocket, which Polymarket samples every second to display as a live “price to beat” chart. This allows traders to monitor the market’s status relative to their position in real-time.The selected assets span a wide range of traditional finance, including major equity indices, commodities like gold, silver, WTI crude, and natural gas, along with over a dozen high-profile U.S. equities such as TSLA, COIN, and PLTR.Polymarket has integrated this real-time data as a key component of its perpetual futures trading platform. Pyth Pro delivers institutional-grade market data directly from top firms, ensuring it is accurate, transparent, and affordable across all asset classes and regions.To enhance this, Pyth has partnered with industry leaders and government agencies like Cboe, Jane Street, Revolut, and the U.S. Department of Commerce. This collaboration has helped establish a new model to make market data more accessible, accurate, and transparent.PYTH eyes $0.050 as bulls step inThe PYTH/USD 4-hour chart is bearish and efficient despite the coin adding 9% to its value in the last 24 hours.The technical indicators have flipped bullish, indicating that the bulls are now in control of the market. The RSI of 63 is well above the neutral 50 and would enter the overbought territory if the rally persists.PYTH/USDT 4H ChartThe MACD lines are also within the positive region, indicating a strong bullish bias. If the rally continues, PYTH could retest the $0.050 psychological level for the first time since March 17.However, if the bears regain control, PYTH could retest the Thursday low of $0.038 over the next few hours or days. The post Pyth soars 9% following Polymarket integration. Will it rally higher? appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/hPDj2GI

Key takeawaysADA is up 6% in the last 24 hours, making it the best performer among the top 20 cryptocurrencies by market cap.The coin could rally towards the $0.2772 resistance level if the rally persists.Cardano (ADA) is building on recent gains, trading above $0.25 as of Monday after posting a modest recovery last week. A combination of stronger on-chain signals and improving derivatives data suggests the uptrend could continue. Technical indicators also point to growing momentum, reinforcing the case for a near-term rally.On-chain and derivatives data lean bullish for CardanoData from Santiment’s Social Dominance metric supports a constructive outlook. This indicator tracks the proportion of ADA-related discussions across the broader crypto landscape. It has edged higher to 0.206% on Monday, signaling increased market attention and improving sentiment among investors.On the derivatives front, CoinGlass shows Cardano’s long-to-short ratio at 1.01. A reading above 1 indicates that more traders are positioning for upside, reflecting a bullish bias in the market.Meanwhile, Cardano’s funding rates turned positive on Thursday and have continued to climb, reaching 0.0076 on Monday. Positive funding rates suggest that long-position holders are paying shorts, a sign of strong demand. Historically, similar shifts from negative to positive funding, followed by rising rates, have coincided with upward price movements for ADA.Cardano Price Forecast: ADA could extend gains towards $0.2772The ADA/USD 4-hour chart is bearish and efficient as Cardano is trading above $0.25 on Monday. The near-term bias is mildly bullish as the price extends its recovery, nearing the key resistance at the 50-day EMA at $0.27. A breakout suggests an upward move. Currently, the momentum indicators have switched bullish. The Relative Strength Index (RSI) on the 4-hour chart at 67 leans bullish, signalling an impulsive buying pressure. The Moving Average Convergence Divergence (MACD) indicator has turned back above the signal line just under the zero mark, hinting at fading downside pressure.ADA/USD 4H ChartIf the market undergoes a correction, ADA would likely retest the first major support at $0.24. Breaking this support level would expose the $0.22 swing low where buyers previously emerged. However, if the rally persists, ADA could surge towards the $0.2772 resistance, coinciding with its 50-day EMA. A daily break above this level could see ADA surge towards the $0.2991 resistance level. The post Cardano eyes $0.2772 as bullish sentiment builds appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/6qtABTC

Solana (SOL) is trading just above $82 at the time of writing on Monday, marking its fourth consecutive day of recovery. While funding rates for SOL futures have climbed, a simultaneous drop in Open Interest suggests sentiment remains divided. From a technical perspective, the 50-day Exponential Moving Average (EMA) at $88.80 stands out as the key resistance level to watch.Derivatives signal optimism, but participation declinesMarket data points to rising bullish positioning among traders, even as overall participation in SOL futures contracts declines. According to CoinGlass, the OI-weighted funding rate has increased to 0.0067% from 0.0042% on Sunday, indicating that long-position traders are willing to pay a premium—typically a sign of growing confidence in further upside.However, this optimism is not fully supported by market activity. Open Interest in SOL futures has dropped to $4.97 billion from $5.07 billion on Friday, signaling a reduction in total capital committed to the market. This divergence—rising funding rates alongside falling Open Interest—highlights a mixed sentiment, where bullish bias exists but conviction appears limited.Institutional demand remains softOn the institutional side, demand for Solana continues to show weakness. Data from Sosovalue reveals that SOL-focused exchange-traded funds (ETFs) recorded net weekly outflows of $5.24 million, marking a second straight week of withdrawals. If this trend persists, it could represent the longest streak of weekly outflows so far, potentially adding downward pressure to SOL’s spot price in the near term.Will Solana extend its recovery to $93?The SOL/USD 4-hour chart is bullish and inefficient, with the coin up by nearly 4% in the last 24 hours. At press time, SOL is trading at $82.50 per coin. The near-term bias is mixed as SOL holds well below the 50-day and 100-day Exponential Moving Averages, keeping a broader corrective structure.The momentum indicators have also switched bullish, with further gains in the near term. The Moving Average Convergence Divergence (MACD) line remains above its signal line, signaling persistent buying pressure. The Relative Strength Index (RSI) at 60 is above the neutral 50, signaling a growing bullish momentum.If the rally persists, Cardano would meet an immediate resistance at the 50-day EMA near $88.81, which caps rebounds and guards a stronger move toward $98.02, close to the 100-day EMA at $102.18.SOL/USD 4H ChartHowever, if the sellers regain control, the support zone between $75.63 and $77.60 could serve as a bounce-back spot. An extended selling pressure would bring into focus the February 6 low at $67.50.The post Will Solana rally to $93 despite mixed derivatives sentiment appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/FdZus67

XRP price dropped to near $1.30 on Tuesday, April 7, 2027.Santiment data showed holder returns have dipped by 41% over the past year.Bulls need to reclaim $1.35, but sellers may be eyeing $1.10.XRP faces fresh downside pressure amid an intraday dip to near $1.30, with the overall picture exacerbated by the broader cryptocurrency market weakness.Notably, the Ripple-linked token’s slide comes as on-chain metrics reveal stark underperformance for holders, with average returns plummeting 41% over the past year.Analysts say that while the surge in underwater wallets signals potential capitulation, it echoes past market patterns that have ended with a sharp bounce.XRP Ledger returns down 41%Data from analytics platform Santiment has noted that wallets active on the XRP Ledger have slipped into significant loss over the past 12 months.XRP holders are nursing an average loss of -41% on their investments, the firm posted on X.The average loss marks one of the most severe drawdowns in active recent history.This figure stems from the MVRV (Market Value to Realized Value) ratio, a key indicator that compares current market prices to the average cost basis of holders.Santiment’s on-chain analysis shows XRP’s MVRV hitting its lowest level since the FTX collapse in November 2022, when the exchange’s implosion triggered widespread panic selling across crypto markets.Back then, XRP’s MVRV plunged into deeply negative territory, reflecting widespread unrealized losses as traders offloaded positions at fire-sale prices.Today’s reading mirrors that despair, with the metric signaling that the average XRP holder is far underwater.XRP price outlookThis 41% dip in returns highlights that a growing number of wallets are unprofitable, which means pressure on short-term traders.XRP is now changing hands near $1.32, slightly up on the day after the latest altcoin dip. However, daily trading volume, down 14% to around $1.6 billion, suggests prevailing weakness.The failed breakout above $1.40 earlier this week injected fresh jitters, leaving sellers in control.On the technical charts, XRP struggles below the 50-day exponential moving average. The RSI indicates fresh losses towards oversold conditions.However, such a scenario could spark a rebound.XRP Price ChartXRP price chart by TradingViewA decisive uptick above $1.35 might embolden bulls to target higher resistance at $1.50, with 200-day EMA above $1.80.Santiment shared their take via X:“Because cryptocurrencies are zero-sum trading games, significantly negative average returns (not just a price drop, but actual trader returns) imply that there is much lower risk than average in buying or adding on to your $XRP positions, due to the fact that competing traders are already in severe ‘blood in the streets’ territory.”If price swings below $1.30 will mean buyers risk a deeper correction toward $1.10.The post XRP nears $1.30 as 41% holder losses signal capitulation risk appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/ySYoCmz

Toncoin adoption grows with 87 million Telegram wallet users in the US.Market sentiment remains bearish due to altcoin rotation and whale activity.The resistance at $1.28 will likely define Toncoin’s short-term price movements.Toncoin (TON), the native token of the TON blockchain, has been in the spotlight recently due to the ongoing Sub-Second mainnet activation and its integration with Telegram’s massive user base.💎 The Sub-Second mainnet activation starts now!TON Core has just shared the completion of the Bug Bounty & stated that changes were already implemented. Now they are moving to the next stage – Sub-Second Mainnet activation.For additional reliability, activation will be… pic.twitter.com/ddSdwXDnYM— TON 💎 (@ton_blockchain) April 1, 2026The upgrade, which is scheduled to run from March 31 to April 12, is set to improve the network’s speed, efficiency, and scalability, which could impact Toncoin’s adoption and market behavior.However, despite its technological potential, Toncoin has faced a challenging market environment in recent months.Currently, TON coin trades around $1.23, down about 2.5% over the past 24 hours.This underperformance is largely linked to a broader trend in the crypto market known as altcoin sector rotation, where investors move their capital from higher-risk altcoins into more stable assets.The Altcoin Season Index, which measures market interest in altcoins, has dropped significantly, highlighting the cautious sentiment among traders.This environment has made it difficult for Toncoin to break out from its current range, despite ongoing development progress.TON adoption and ecosystem growthTON’s growth is closely tied to its adoption within Telegram, which now supports over 87 million active users in the United States with its self-custodial TON Wallet.This wallet allows users to transfer and stake Toncoin directly within the messaging app, offering a seamless on-ramp for millions of potential users.Such integration provides Toncoin with a unique advantage, as it could benefit from network effects far faster than many other Layer-1 blockchains.On-chain activity supports this potential, with Toncoin showing consistent daily usage.According to available data, the network records hundreds of thousands of active wallets and millions of daily transactions.This suggests that while Toncoin’s price has been stagnant, actual usage is steadily growing, signaling a foundation for long-term adoption.However, a significant portion of the token supply, around 68%, is held by whales.This concentration increases the risk of large sell-offs, making sudden price spikes less predictable.Toncoin technical analysisToncoin presents an intriguing case of technological potential versus market sentiment.Its integration with Telegram gives it a unique edge, and the Sub-Second mainnet activation may improve network performance, but short-term price action remains uncertain.From a technical perspective the short-term support lies near $1.02, with a secondary floor around $0.81.If the price rebounds following the Sub-Second mainnet activation, the immediate resistance sits at $1.34, followed by higher resistance levels at $1.50 and $1.90.Toncoin price analysisHistorically, a break above $1.28 has always meant momentum for higher price ranges.But while the Sub-Second mainnet activation could provide a short-term positive driver, the token’s price is still largely influenced by broader market conditions rather than project-specific developments.On the downside, analysts highlight that failure to hold the $1.20 level could lead to tests of the yearly low around $1.10, especially if broader altcoin rotation continues.The post Toncoin struggles near $1.23 despite Telegram boost and upgrade push appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/hw2896o

Key takeawaysBitcoin is holding near $69K as Iran-related geopolitical tensions keep markets cautious.Rising oil prices and inflation concerns are limiting upside, but strong ETF inflows and institutional support are helping BTC stay resilient.Bitcoin is trading sideways near the $69,000 mark as investors remain cautious amid escalating geopolitical tensions tied to the conflict in Iran.The leading cryptocurrency briefly pushed above $70,000 on Monday—its first move past that level since March—but failed to sustain momentum. Geopolitics dominate market sentimentThe ongoing situation in Iran continues to shape global risk appetite. U.S. President Donald Trump has warned of severe consequences if a deal to reopen the Strait of Hormuz is not reached by the Tuesday 20:00 ET deadline.Iran has rejected a proposed 45-day ceasefire, instead calling for a permanent end to hostilities alongside the removal of sanctions.For Bitcoin, this macro backdrop is significant—higher oil prices tend to support inflation, push Treasury yields higher, and reinforce expectations that the Federal Reserve will keep interest rates elevated for longer.Despite the current situation, Bitcoin has held up better than some traditional markets. While it has not staged a breakout, its ability to maintain levels above $65,000 suggests underlying support from positioning and institutional demand.Meanwhile, Gold has lost more than 10% of its value as investors scale back expectations for Federal Reserve rate cuts this year.Flows into spot Bitcoin ETFs have been a key factor. After four consecutive months of outflows, March saw $1.2 billion in net inflows. Momentum has continued into April, with spot ETFs recording $471.3 million in inflows in a single day—the largest since February.These inflows have helped keep Bitcoin’s price, although resistance near $76,000 continues to cap upside.For Bitcoin to break higher, a clear catalyst is likely required. A confirmed ceasefire between the U.S. and Iran could be pivotal, particularly if it drives oil prices below $100 per barrel and alleviates inflation concerns.Technical forecast: Bitcoin eyes the $70k resistance once againThe BTC/USD 4-hour chart remains bearish and efficient as Bitcoin continues to defend the $65,000 support level. The price has recovered from this low and is testing resistance around 69k, the 50-day EMA, and the lower band of the rising channel. The RSI of 61 on the 4-hour chart is above the neutral level, indicating a growing bullish bias. The MACD lines are also above the zero line, adding further confluence to the bullish narrative. Buyers will need to rise above $69,000 to bring $74,000 into focus, the mid-point of the rising channel and the falling trendline resistance dating back to October’s $126,000 record high. BTC/USD 4H ChartA surge above the $74,000 resistance level would allow BTC to test the March high of $76,000 in the near term. However, failure to rally higher would see the bears push the price towards the $65,000 support level once again. The post Bitcoin steadies above $68K as Iran tensions keep markets on edge appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/PVqmj42

Shiba Inu (SHIB) faces selling pressure amid rising exchange inflows.The SHIB price remains stuck below the key $0.0000060 resistance.Breakdown below the support at $0.0000053 may trigger a drop below $0.0000050.The price outlook for Shiba Inu (SHIB) is starting to tilt bearish as the token continues to struggle below the $0.0000060 level.Recent price action shows that despite a brief attempt to push higher, momentum has faded quickly, leaving SHIB trading near $0.0000058.Over the past 24 hours, SHIB has declined by around 3%, underperforming a weak crypto market.While the broader crypto market pullback has played a role, the weakness in SHIB appears more pronounced, suggesting that internal factors are also driving the decline.Selling pressure and fading confidence weigh on SHIBOne of the clearest signals behind SHIB’s weakness is the sharp drop in derivatives activity.Shiba Inu’s Open interest has fallen significantly from its earlier highs, pointing to a steady exit of traders from leveraged positions.SHIB OISource: CoinglassAt the same time, on-chain activity shows a noticeable increase in tokens moving onto exchanges.This trend is typically associated with selling intentions, as traders transfer assets to trading platforms when they plan to liquidate positions.The combination of falling open interest and rising exchange inflows creates a strong bearish undertone.This shift in behaviour suggests that the market is gradually leaning toward distribution. Without a reversal in these flows, it becomes difficult for the price to sustain any meaningful upside.Broader market weakness adds to downside riskThe performance of Bitcoin has also played a role in SHIB’s recent decline. As the leading cryptocurrency edges lower, risk appetite across the market has weakened.As a result, speculative assets like Shiba Inu (SHIB) tend to face greater pressure.There is also clear evidence of capital rotating away from altcoins. Traders appear to be moving into more stable assets or stepping away from the market altogether.This shift has hit meme coins particularly hard, as they rely heavily on strong sentiment and active participation.As a result, SHIB is not just dealing with its own internal challenges but also navigating a less supportive macro environment.Resistance holds firm as price struggles to break higherTechnically, SHIB remains trapped below a key resistance zone between $0.0000060 and $0.0000063.Several attempts to push above this range have failed, with sellers consistently stepping in to cap gains.A closer look at the price structure shows that SHIB is currently consolidating within a narrow band.Support is forming around $0.0000052–$0.0000053, while resistance remains firmly overhead.This range has tightened in recent sessions, reflecting a market that is waiting for a decisive move.Shiba Inu struggles below $0.0000060Source: TradingViewNotably, the inability to reclaim $0.0000060 is particularly important. This level has acted as a short-term barrier, and until it is flipped into support, any upward movement is likely to remain limited.For now, the balance of risks appears tilted to the downside.The ongoing selling pressure, combined with weakening market participation, suggests that SHIB may continue to struggle unless conditions change.The post Shiba Inu price outlook turns bearish as SHIB struggles below $0.0000060 appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/HvWhwmG

Solana price has gained in the past 24 hours as Bitcoin retests $72,000.The SOL token could rally to $150 amid the US-Iran ceasefire.However, continued weakness could allow bears to target $70 or lower.​Solana’s latest rebound has revived bullish speculation, with decent gains aligning with an uptick for risk asset markets.As traders digest the impact of easing geopolitical tensions amid the ceasefire between the US and Iran, the key question is whether a shift in sentiment could propel Solana to its year-to-date highs of $150.​Solana eyes $90 as geopolitical risk coolsAs noted, the broader cryptocurrency market pushed higher overnight Tuesday after US President Donald Trump announced a two‑week ceasefire deal with Iran.The news has eased fears of a deeper regional conflict, with the Pakistan‑brokered talks coming ahead of a 48‑hour deadline set by Washington.Stocks and cryptocurrencies rose as risk sentiment changed from defensive positioning to an aggressive hunt for upside exposure.The sharp gains saw more than $425 million in short positions liquidated in the past 24 hours, with over $100 billion added to the global crypto market capitalization.​Bitcoin edged above the $72,000 mark, and Ethereum climbed to $2,270, boosting altcoins as traders rotated capital back into major tokens and high‑beta plays. Solana’s upswing had SOL advancing to above $86.The move toward $90 erases part of last week’s drawdown that followed the Drift Protocol exploit.​SOL price analysisWhile SOL’s percentage gains pale in comparison to intraday moves of Zcash, Bittensor, and LayerZero, the uptick was still significant from a market‑structure point of view.The recovery helped re‑establish a higher trading range, suggesting that the worst of the exploit‑driven capitulation may be over if the ceasefire holds and broader crypto inflows continue.​On the charts, SOL has recently been shadowed by a developing bear flag formation.The classic chart pattern usually signals downside continuation if a clean break occurs, and its formation had bears threatening a drop back toward the $70 region.Solana Price ChartSolana price chart by TradingView​The bounce to near $90 is crucial even as the bearish structure remains.If bulls can consistently defend the $80-$85 band and convert the area into a solid demand zone, the next immediate resistance is likely to emerge around $95-$100.This is where prior supply and key moving averages converge, and a breakout could pave the way for a higher resistance cluster in the $120-$135 zone.Bulls can target January 2026 highs near $150.However, if buyers fail to break and hold above the $90 level, the technical backdrop would increasingly favor an extension of the downtrend.This outlook exposes SOL to renewed downside pressure toward $70, with critical support near $54.The post Solana price forecast: is $150 next amid US-Iran ceasefire? appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/oAswkxZ

Zcash surged above $336 after breaking key resistance as cryptocurrencies rose.The US-Iran ceasefire and fresh institutional interest have buoyed ZEC bulls.A potential short squeeze could catapult the ZEC price to above $500.Zcash price has jumped 24% in the last 24 hours to $336, positioning ZEC as the top performer among the top 100 cryptocurrencies by market capitalization as of writing.This sharp rally, which follows US President Donald Trump’s decision to abandon threats of military action against Iran in favour of a two-week ceasefire announcement, aligns with a pump across risk assets, including cryptocurrencies.Zcash’s gains see it test the highest levels since late January 2026, and it currently sits 18th among the largest coins by market capitalization.ZEC pumps amid crypto uptickZcash has pushed decisively beyond $300, delivering double-digit gains in 24 hours as its short-term outlook shifts bullish amid de-escalation in the US-Iran war.The privacy-focused coin rose to intraday highs of $336, having cleared a major supply barrier as it tracked altcoins that echoed Bitcoin’s climb past $72,000.ZEC traded at lows of $250 on Tuesday, and today’s uptick comes amid a 170% spike in daily volume.Notably, geopolitical developments have added fuel to the upside spark of fresh institutional interest.For instance, Foundry, operator of the world’s leading Bitcoin mining pool, has revealed plans to enter Zcash mining.Also notable is the Zcash Open Development Lab’s unveiling of a $25 million ecosystem fund, with the initiative boasting the backing of global venture powerhouses like a16z crypto, Paradigm, and Coinbase Ventures.Zcash price analysisZcash was holding above $330 on April 8, 2026, up on the day, as the broader near-term sentiment hints at bullish bias.The positive picture aligns with the token’s powering through the convergence of its 100-day and 200-day Exponential Moving Averages (EMAs)ZEC’s rebound means bulls can now eye the February 14 peak as a support level.A firm close beyond this previous resistance-turned-support mark could unlock further upside, potentially triggering a short squeeze toward $500. Buyers now dominate as shorts suffer.Zcash Price ChartZcash price chart by TradingViewLeading into the breakout, Zcash had traced higher lows after a dip to a low of $193 on March 7, 2026.Despite a long-term descending trendline, gains signal steady accumulation by investors. Momentum indicators back this recent outlook.As well as the RSI, the Awesome Oscillator (AO) has flipped positive with expanding green bars.That said, the steep vertical advance over the past two days hints at short-term overextension, particularly with the RSI in overbought territory.In any case, such explosive moves typically invite minor retracements or sideways action.Zcash price could thus revisit the $250-$230 region, before resuming higher.The post Zcash surges 24% to $336 as crypto rally gains momentum on Iran truce appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/gOwemN0

Key takeawaysBTC is up 4% and is now trading above $71k.The rally could push Bitcoin’s price above $76k for the first time since March 16.Bitcoin and crypto market surge following U.S.-Iran ceasefire announcementBitcoin (BTC), Ethereum (ETH), and the broader cryptocurrency market experienced a significant rise over the last 24 hours after the U.S. and Iran reached a ceasefire agreement.At press time, Bitcoin was trading at approximately $71,640, up 4.3% in the last 24 hours. Earlier in the day, the cryptocurrency briefly surpassed $72,700, marking its highest value since March 18.Ethereum gained 6.7%, reaching $2,257, while XRP increased 5.8% to $1.37. Solana surged 6.5%, hitting $84.81. The overall crypto market was up 3.95% during the same period.The surge coincided with President Donald Trump’s announcement that the U.S. and Iran had agreed to a two-week “double-sided ceasefire.” Trump, who had previously warned of a possible military response if Iran failed to reopen the Strait of Hormuz, emphasized that the ceasefire was a result of having met all military objectives and being close to a long-term peace agreement.Iran’s official statement confirmed its commitment to allowing safe passage through the Strait of Hormuz, the world’s most vital oil trade route. This had previously caused significant volatility in global oil prices and disrupted supply chains.BTC eyes $76k as bullish momentum persistsThe BTC/USD 4-hour chart remains bearish and efficient despite the recent rally. The leading cryptocurrency has surpassed the $69,200 resistance level and could challenge the swing high of $76,000 over the next few hours or days.The momentum indicators show that the bulls are currently in control of the market. The Relative Strength Index (RSI) on the 4-hour chart reads 70, approaching the overbought condition, indicating that the bulls are in control.BTC/USD 4H ChartThe MACD lines are also within the positive territory, reaffirming the bullish bias. If the rally persists, BTC could retest the $76,000 resistance level for the first time since March 16. Surpassing this resistance level would pave the way for Bitcoin to surge toward the $80k psychological zone.However, if the bulls fail to capitalize on this rally, Bitcoin will find immediate support around the Tuesday low of $67,719.The post Bitcoin recovers as US and Iran Agree a Ceasefire Deal appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/X7JxAzp

Key takeawaysHYPE is up 10% in the last 24 hours, outperforming the other major cryptocurrencies.The coin could surge towards the $50 psychological level in the near term.Hyperliquid (HYPE) nears $40 as US-Iran ceasefire boosts market sentimentHYPE, the native coin of the Hyperliquid DEX, is approaching the $40 mark on Wednesday, extending its recovery linked to the US-Iran ceasefire. Retail demand for HYPE continues to rise, driving increased futures Open Interest amid a broader market rally. Technically, HYPE has broken out of a falling channel pattern on the 4-hour chart, signaling a bullish near-term outlook.Throughout the US-Iran conflict, Hyperliquid showed resilience, with its 24/7 trading platform for crude oil and other commodities gaining traction during the crisis. The ongoing recovery in the crypto market, driven by the ceasefire, has increased anticipation for HYPE’s recovery.According to CoinGlass data, HYPE futures Open Interest (OI) reached $1.64 billion on Wednesday, marking a 9% increase in the last 24 hours. Typically, such an OI expansion during a spot market rally signals growing demand entering the leverage market.Liquidations in the last 24 hours totaled $4.49 million, led by $4.28 million in short liquidations, indicating a sell-side weakness. Additionally, the OI-weighted funding rate remains positive at 0.0082%, showing sustained bullish sentiment among traders.Will HYPE rally towards the $50 mark?The HYPE/USD 4-hour chart is bullish and efficient as Hyperliquid is the best performer among the leading cryptocurrencies. HYPE is trading above the 50- and 200-period Exponential Moving Averages (EMAs) on the 4-hour chart, reflecting a potential trend reversal. At the time of writing, HYPE trades around $39.00, extending the breakout gains of a falling channel pattern.The Moving Average Convergence Divergence (MACD) line is above its signal and the zero line, suggesting strengthening upside momentum. HYPE/USD 4H ChartThe Relative Strength Index (RSI) at 66 remains below overbought territory, suggesting firm buying pressure without clear exhaustion at this stage.If the rally persists, HYPE would likely surge towards the first major resistance level at $43. A daily candle close above this level would pave the way for further rally towards the $50 psychological zone.However, if the market reverses, HYPE could test the 200-period EMA at $37.10. A drop below this support zone would nullify the bullish breakout and deepen the downside risk.The post Hyperliquid outperforms other major coins, eyes further gains appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/M2jQVHL