Bitcoin (BTC) steadies above a key support zone on Thursday, consolidating near $64,000 after a modest rebound earlier this week. Fresh inflows into BTC spot Exchange Traded Funds (ETFs) has provided some support. However, traders should be cautious as renewed inflation concerns, fueled by the Federal Reserve (Fed) hawkish tone and the escalating US-Iran conflict, continue to cap the Crypto King’s upside momentum.
The crypto market is trading in neutral-to-slightly bullish conditions on Thursday, with Bitcoin (BTC) holding above $64,000 while its immediate upside remains capped. Ethereum (ETH) hovers above the $1,900 short-term support level while Ripple (XRP) struggles to gain momentum ahead of a potential nail $1.10 breakout.
Crypto’s largest tokens were close to unchanged on Thursday as the semiconductor selloff that has driven markets for two weeks showed its first real sign of easing.
Ether traded at about $1,905 and Bitcoin at $64,100, both flat on the day, with XRP at $1.07, Solana at $74, BNB at $572 and TRON at 33 cents. Hyperliquid’s HYPE slipped to $54. Volumes were modest, with roughly $28 billion changing hands in bitcoin and $10 billion in ether.
About The Author
