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When the U.S. men’s national soccer team plays at home, its most loyal fans traditionally sit right behind a goal to cheer on the team or intimidate the opposition.

But when the Americans kick off a once-in-a-generation World Cup in Southern California next week, many of those die-hard supporters may be harder to hear because FIFA seated them in the “nose bleeds,” according to a major U.S. fan group.

“These are the worst tickets that I’ve ever seen out of the five World Cups I’ve been to,” American Outlaws President Brian Hexsel said in a phone interview.

FIFA’s World Cup ticketing rollout has faced withering criticism for months, particularly for its sky-high prices. There have also been allegations that some ticket buyers got worse seats than expected, sparking investigations in New York and New Jersey.

In the blowback, soccer’s global governing body announced a small allotment of $60 tickets for each of the tournament’s 104 matches.

FIFA didn’t immediately comment for this article.

Cristian Roldan, center, and the U.S. team applaud fans after their loss to Belgium at Mercedes-Benz Stadium on March 28.Kevin C. Cox / Getty Images

Participating member associations, including U.S. Soccer, would manage “the selection and distribution process,” said FIFA, which emphasized it was asking the associations to “ensure that these tickets are specifically allocated to loyal fans who are closely connected to their national teams.”

The American Outlaws are such fans. The organization says it has more than 200 chapters worldwide sharing one goal: cheering on U.S. Soccer’s teams. The group travels to matches with hand-painted banners, a giant American flag, drums and organized chants — all of it typically on display right behind the net.

But this summer, American Outlaws members with $60 tickets will be in upper decks at each of the team’s three group stage matches, Hexsel said. That seating arrangement means some of the most fervent fans will be physically farther from the pitch, potentially making it harder for players to hear their shouts.

Hexsel said U.S. Soccer told him Monday that the $60 seats will be in sections 302 through 310 for the team’s first match against Paraguay at Los Angeles County’s SoFi Stadium, sections 310 through 315 in Seattle’s Lumen Field for the second match against Australia and section 426 for the third match back at SoFi against Turkey — putting fans even higher than they’d be seated for the first match.

U.S. Soccer told NBC News the $60 tickets are in sections 306 through 310 for the Paraguay match, sections 302 through 304 for the Australia match and sections 426 through 431 against Turkey. It didn’t provide further comment.

When the tickets started landing in people’s accounts Monday night, “my phone just blew up,” Hexsel said. “Everybody was pissed.”

It’s not clear whether fan groups for the World Cup’s other competing countries have been affected in the same way.

Juan Felipe Garay, coordinator of Colombia’s biggest supporters’ group, Fiebre Amarilla, told NBC News the group doesn’t yet know where its $60 seats will be for Colombia’s matches.

But Hexsel said that without question, for the American die-hards, a World Cup in their own backyard now “does not feel like we are playing in the U.S.”

South Florida superfan Burak, who asked that his last name not be published for privacy, told NBC News on Monday night that a ticket in the “400s” showed up in his account for the third U.S. match.

Burak said he laughed with his wife about the situation and hadn’t expected better seats. He prefers being high up at a match when he’s trying to “read the play.” But, he said, watching is secondary to making an impact when you’re in the supporters’ section.

“If you’re up at nosebleed 400s, your reaction doesn’t even matter. No one’s going to hear, see or notice,” he wrote in a text message.

Another U.S. fan, Gabriel Miguel, said, “I thought it could be worse.”

Miguel scored $60 tickets to the opening U.S. match against Paraguay. He’ll be in section 308 and said he’s “mostly grateful” just to be in the building.

“I would love to have been down in the lower action, but I mean, 300s is perfectly fine, especially for that price.”

American supporter Logan Pedersen said, “We could have been higher up … not by far.”

Pedersen said in a phone interview that he got “the golden ticket,” getting to see the opening U.S. match at such a relatively low cost. He’s “just glad to be in the stadium,” but he also said FIFA’s ticketing “process has been a nightmare.”

“It’s still super disappointing from FIFA that they’re not at least designating a section for, you know, 500 fans from each team directly behind the goal. I think it’s a huge loss for the atmosphere that’s gonna go on in the stadium,” he said.

Hexsel said of the seating arrangements, “It just means we gotta bring more drums and more noise to show the team that … we still showed up.”

“FIFA could have just said: ‘Hey … it’s 300, it’s 200. Yeah, it’s a little bit more than what you paid in Qatar, but you guys have a block of seats where you’ve always had a block of seats,’ and people would have paid it.”

Burak said by text message: “I’m just glad I can at least go to some games with the supporter price. I accept my small guy status. If we had a strong community, I’d be all about boycotting the WC all together. But that’s not how people are, that will never happen. And Fifa is feeding off of that. They know someone will show up.”

Said Miguel: “I’m happy to be going, at least, and it’s more like memories than anything. Could it be better? Of course. But … they dropped the ball from the beginning with this. It’s … nothing surprising at this point.”

  • The outflow on Friday added to the $1.55 billion that has been drained from the ETFs since May 14.
  • The majority of the $2.7 billion in net inflows to the US Bitcoin ETF market this year have originated from IBIT.

The US spot Bitcoin exchange-traded fund market is about to see net outflows for the year after six days of withdrawals that began on Friday. After Friday’s market loss of $105.2 million—$68.9 million for BlackRock’s iShares Bitcoin Trust (IBIT) and $36.3 million for Fidelity Wise Origin Bitcoin Fund (FBTC)—net inflows into Bitcoin ETFs for 2026 have decreased to $536 million.

Withdrawal Streak Shrinks 2026 Inflows

The outflow on Friday added to the $1.55 billion that has been drained from the ETFs since May 14, when the last net inflow was reported, even though no other Bitcoin ETF based in the US saw a change in flows.

It is possible to gauge the level of institutional interest in Bitcoin and the flow of new money into the cryptocurrency market by looking at the net inflows into US spot Bitcoin ETFs. The first quarter saw a 70% reduction in Bitcoin ETF holdings at institutional market maker Jane Street and a 10% reduction at investment bank Goldman Sachs.

The majority of the $2.7 billion in net inflows to the US Bitcoin ETF market this year have originated from IBIT, however the industry as a whole is still seeing net inflows for 2026.

While most of its rivals have seen a decline in 2026, its inflows this year are not expected to surpass the $25 billion it received in 2025. So far in 2026, there have been net outflows from US-based spot Ether ETFs, and new altcoin ETFs have failed to meet the same level of demand as their predecessors.

The Morgan Stanley Bitcoin Trust ETF (MSBT) is one encouraging trend; it debuted on April 8 and has received $264 million in net inflows so far.

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  • Despite almost $2 billion fleeing spot ETFs in the previous two weeks, analysts continued to retain a cautious stance on bitcoin.
  • Assuming stablecoin liquidity is strong and long-term investors exercise patience, Bitcoin can withstand a certain amount of institutional selling.

On Monday, Asian stock markets rose, which helped push Bitcoin up a little, thanks to a precipitous drop in oil prices. As of this writing, the top cryptocurrency by market cap was trading around $77,400, an increase of 0.43% over the last 24 hours, as reported by CMC.

There, bitcoin was trading over the $76,940 mark that represents its 50-day simple moving average, which is a widely followed market indicator. Breakouts above this crucial level are usually seen as positive by traders and chart experts, so they keep a tight eye on the market. Significant other cryptocurrencies also saw slight increases.

Ether (ETH) increased by 0.4%, while XRP and Solana (SOL) both increased by 0.6% or more. On the other hand, Bitcoin remained the only one of the three whose prices were trading above its 50-day moving average.

Following a precipitous decline from last Wednesday’s high of over $104 per barrel, futures linked to West Texas Intermediate crude oil fell over 5% to over $91 per barrel. In early trading, Asian shares soared, with the Nikkei gaining over 3%, the Nifty in India climbing over 1%, and the S&P/ASX 200 in Australia adding 0.4%.

Lingering ETF Outflow Concerns

Though the number of tankers allowed across the strait is still far lower than pre-war levels, the Iranian Revolutionary Guard Corps (IRGC) said last week that they had let more than 20 tankers through.

Secretary of State Marco Rubio of the United States recently said that negotiators from Washington and Tehran had “a pretty solid thing on the table” and that a resolution to the hostilities between the two nations may be accomplished by Monday.

Despite almost $2 billion fleeing spot ETFs in the previous two weeks, analysts continued to retain a cautious stance on bitcoin. Finding out whether ETF outflows slow down is the most important indication for crypto. Assuming stablecoin liquidity is strong and long-term investors exercise patience, Bitcoin can withstand a certain amount of institutional selling. Any rise would have a difficult time holding if ETF redemptions continued.

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  • Consistent monthly increase since February indicates a change from accumulation to modest distribution, similar to the bad market of 2022.
  • The annual growth rate of balances for whale accounts containing 1,000 to 10,000 Bitcoin (BTC) has slowed to a negative trend, marking the fastest shrinkage this year.

On Thursday, Bitcoin (BTC) made its first move back over $72,500 in six weeks, leading to $342 million in liquidations for bullish leveraged bets. Investors are concerned that bears will maintain control ahead of the $9 billion monthly options expiration, even if there was a recovery bounce to $73,500.

With $3.4 billion in open interest for buys and $2.91 billion for puts, Deribit has a 70% market dominance for the May monthly options expiration. When Bitcoin fell below $78,000 on May 17, however, bulls were taken unawares.

Only $306 million worth of call options will be still in the money if Bitcoin remains below $74,000 as we approach Friday’s expiration. Put options with a strike price of $74,000 or above total $1.05 billion, providing a significant edge to pessimistic tactics.

Mounting Bearish Indications

As the holding structure continues to worsen across significant cohorts, CryptoQuant reports that more and more Bitcoin investors are seeing a reddening of their assets. A report released on Thursday by CryptoQuant said that the annual growth rate of balances for whale accounts containing 1,000 to 10,000 Bitcoin (BTC) has slowed to a negative trend, marking the fastest shrinkage this year.

Consistent monthly increase since February indicates a change from accumulation to modest distribution, similar to the bad market of 2022, it said. “Dolphins” in the Bitcoin market, who own 100 to 1,000 BTC and are mostly owned by exchange-traded funds and corporate treasuries, continue to increase each year, although at a far slower pace.

As the crypto bear market intensifies in response to growing geopolitical and macroeconomic challenges, the holding structure is deteriorating. The long-term holder supply hit a new high of 15.8 million BTC, according to CryptoQuant, but the bearish configuration indicates that new market entrants are not present.

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Grayscale Reportedly Delays IPO Plans Amid Weak Crypto Market Conditions

  • A mystery trader sold 29.2 million shares of BlackRock’s IBIT on Tuesday using dark pool.
  • The net outflow of $333.6 million occurred on the same trading day as the huge IBIT deal, continuing a streak of 11 trading days for US-listed Bitcoin ETFs.

Financial services firm NYDIG’s head of research, Greg Cipolaro, speculates that last week’s $1.26 billion block transaction in BlackRock’s iShares Bitcoin Trust (IBIT) was probably a whale quickly getting out of a directional move.

A mystery trader sold 29.2 million shares of BlackRock’s IBIT on Tuesday using dark pool, a private trading platform where institutions may covertly conduct big deals outside of public markets. This sparked suspicion over the motives and identities of the seller.

Several signs were “consistent with a large directional holder exiting a concentrated position rather than a contemporaneous basis-trade unwind,” according to a research note by Cipolaro. According to him, a big directional holding was likely selling since the seller accepted the offer for $1.01 less than the market price of $44.17, forewent $29.5 million to guarantee instant execution, and used a private trading platform.

Bitcoin ETF Outflows Continue

Major deals have the power to shift markets and influence public opinion. But in this instance, Bitcoin’s (BTC) value fell 2.8% on the trading day after the deal. Eric Balchunas, an ETF analyst for Bloomberg, said at the time that, despite the large block sell, the market took the sale very well.

The net outflow of $333.6 million occurred on the same trading day as the huge IBIT deal, continuing a streak of 11 trading days for US-listed Bitcoin ETFs, according to data from Farside Investors.

Since the last net inflow was observed across numerous funds on May 14, more than $2.9 billion has been pulled out of the ETFs. At the same time, public opinion has been all over the place. On Monday, the crypto market’s “fear” index—which gauges general opinion about cryptocurrencies—returned a score of 29 out of 100. For the month of May, it likewise averaged a “fear” rating.

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  • According to data source SoSoValue, investors pulled $3.45 billion over 11 trading sessions as bitcoin plummeted under $70,000 from US spot bitcoin ETFs.
  • This shift occurs at the same time when other indicators of institutional demand are showing signs of weakness.

After Monday’s admission of a minor BTC sale by Strategy (MSTR), the crypto markets continued to hemorrhage downward, with bitcoin (BTC) leading the pack.

Bitcoin was trading around $69,000 an hour before U.S. stock markets opened on Tuesday morning, reflecting a 4.5% decline over the previous 24 hours. Although the $60,000 low on February 6 was brief, there was a wick to the downside. The $63,000 level is likely to be the point at which markets begin to contemplate a “re-test” of the bottom.

Longest Redemption Streak

According to data source SoSoValue, investors pulled $3.45 billion over 11 trading sessions as bitcoin plummeted under $70,000 from US spot bitcoin ETFs, the longest withdrawal run on record. The record-breaking 11-session streak started on May 15, exceeding the eight-day record established in February 2025 and making it the longest stretch of net redemptions since the funds’ introduction in January 2024.

Stocks related to semiconductors and artificial intelligence continue to pique investors’ curiosity, and Wall Street’s penchant for risk is evident with Nvidia’s 6% gain. In the most recent session, investors pulled $484 million out of the funds, contributing to a 4% decline in the price of Bitcoin throughout the Asian trading day.

Although the transaction only accounted for a small portion of Strategy’s holdings, it was the first time the business had sold bitcoin since December 2022 and after months of buy-and-hold advocacy by Executive Chairman Michael Saylor.

This shift occurs at the same time when other indicators of institutional demand are showing signs of weakness. A growing number of people are opting to store bitcoin rather than purchase it, according to CryptoQuant’s most recent weekly analysis.

A further indicator that one of the main demand drivers supporting bitcoin’s surge may be dwindling is the present record ETF withdrawal streak, as pointed out by CryptoQuant, which follows a significant slowdown in ETF and corporate treasury accumulation in recent months.

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Bitcoin slipped below $62,000 on Friday, briefly approaching the $61,000 level as weakening demand and rising selling pressure from short-term holders weighed on sentiment. 

The move comes amid a broader risk-off environment across global markets. The momentum indicators remain bearish, suggesting further selloff in the near term. 

Bitcoin demand continues to decline

Bitcoin is down by more than 1% in the last 24 hours and is now trading above $62,000.

The coin briefly touched the $61,100 level during the early hours of Friday but has now slightly recovered to above $62,000. 

The bearish performance comes amid a demand decline for Bitcoin.

New on-chain data from CryptoQuant highlights a significant contraction in market activity, suggesting that overall demand for Bitcoin has deteriorated to its weakest point in the current cycle.

The data revealed that spot demand has fallen to -272,000 BTC on a 30-day cumulative basis, while futures demand has dropped to -229,000 BTC.

Thanks to this latest development, total demand contraction now sits near 501,000 BTC.

The demand contraction indicates that selling pressure has consistently outweighed buying activity throughout most of the year, even during brief periods of institutional inflows.

According to analysts, this decline is due to the negative macroeconomic conditions, including elevated bond yields, persistent inflation, and geopolitical uncertainty. 

In this environment, liquidity has reportedly shifted toward equities—especially tech and AI stocks—as well as forex and precious metals.

On-chain behavior shows that short-term holders (STHs) have undergone one of the largest capitulation events of the year.

The report highlighted that around 53,800 BTC were sent to exchanges at a loss, while inflows from profitable positions dropped to near zero.

This pattern reflects growing panic among recent buyers as unrealized losses deepen.

Historically, similar capitulation events have often appeared near local market bottoms, though analysts caution they are not reliable reversal signals on their own. 

Continued selling, however, could extend the correction if demand fails to recover. Despite that, the oversold conditions could indicate that the bottom is approaching. 

Market sentiment weakened further after Strategy disclosed its first Bitcoin sale in over four years, selling 32 BTC to fund preferred stock dividend payments.

The company’s Bitcoin holdings are now facing an estimated $10.8 billion unrealized loss, according to market commentary. 

https://twitter.com/Kalshi/status/2062517164838363342

Bitcoin technical outlook: Bearish structure remains intact

The BTC/USD 4-hour chart is extremely bearish as Bitcoin is trading below the 20, 50, and 100-day exponential moving averages. 

These averages form a resistance layer between approximately $72,900 and $75,800.

Momentum indicators show deeply oversold conditions. RSI near 27, signaling extreme downside momentum, while the MACD lines are also in oversold territory

While these readings suggest selling may be stretched, price action remains capped beneath major resistance.

If the bulls regain control, initial resistance emerges around $65,103. An extended rally would allow BTC to rally towards the major resistance zones between $72,874–$75,796.

However, Bitcoin has lost the $62,520 support level, and if the selloff continues, it could drop towards the $59,058 secondary support.

A daily candle close below this support would expose the $55,770 deeper downside level. 

A sustained move back above the EMA cluster would be required to shift sentiment away from the current bearish bias.

The post Will Bitcoin drop below $60K as market selling pressure intensifies? appeared first on Invezz

Financial markets remained volatile early Friday as investors awaited a closely watched employment report from the United States that is expected to provide fresh insight into labour market conditions and the outlook for monetary policy.

The report will include Nonfarm Payrolls, the Unemployment Rate, and wage inflation data.

Statistics Canada is also scheduled to release labour market figures for May later in the day.

Dollar holds steady despite weak labour signal

The US Dollar struggled to extend its weekly gains on Thursday after data from the US Department of Labor showed that weekly Initial Jobless Claims increased to 225,000 from 212,000 in the previous week.

Despite the softer labour market signal, the US Dollar remained supported by a cautious market environment.

The US Dollar Index ended Thursday’s session largely unchanged and was trading marginally lower at around 99.30 during the European morning on Friday.

Market participants are closely watching the upcoming employment report.

US equity futures reflected mixed sentiment.

At the time of writing, S&P Futures were down 0.6%, while Nasdaq Futures declined 1.2%.

Dow Futures, however, were trading 0.1% higher.

Geopolitical developments add to uncertainty

Investors also continued to monitor geopolitical developments in the Middle East.

Following reports that Israel and Lebanon had agreed to renew a ceasefire, Hezbollah rejected the decision, leading to a renewed exchange of strikes between Israeli and Hezbollah forces.

At the same time, US President Donald Trump said that negotiations aimed at ending the war with Iran were ongoing when the House voted to limit his powers.

The developments contributed to broader market caution.

Major currency pairs trade in narrow ranges

In the foreign exchange market, EUR/USD edged higher and traded slightly above 1.1630 during the European session.

Investors were also awaiting a revision to the Eurozone’s first-quarter Gross Domestic Product growth reading from Eurostat.

GBP/USD maintained modest gains and traded near 1.3450 following largely directionless trading on Thursday.

The Swiss Franc continued to gain against the US Dollar for a second consecutive session on Friday, supported by a modest pullback in the greenback ahead of key US labour market data.

The USD/CHF pair fell to an intraday low of 0.7872, extending its decline from nearly two-month highs of 0.7927 reached earlier this week.

The move reflected a broader weakening in the US Dollar as investors scaled back long-dollar positions before the release of the closely watched US Nonfarm Payrolls report.

Meanwhile, USD/JPY continued to move sideways near the 160.00 level for a second consecutive day.

Precious metals face pressure ahead of jobs data

Gold posted gains on Thursday but failed to establish itself above the $4,500 level.

The precious metal moved lower during Friday’s European session, retreating toward $4,450.

Silver also came under pressure during Asian trading hours.

The decline followed comments from Federal Reserve officials indicating that inflation remained elevated, reinforcing expectations that interest rates could remain higher for longer or potentially rise further if price pressures persist.

The metal fell approximately 2% and traded near $72.40 as investors reassessed the policy outlook ahead of the release of the US jobs report scheduled for 12:30 GMT.

Market participants view the labour market data as a key indicator of whether economic conditions are cooling sufficiently to allow the Federal Reserve to adopt a less restrictive stance later this year.

Oil prices remain range-bound

Brent crude oil continued to trade within a narrow range as investors assessed developments related to the ongoing US-Iran crisis.

Brent was trading at $95.40 on June 5 after Hezbollah rejected the renewed ceasefire agreement between Israel and Lebanon.

Both Brent crude and West Texas Intermediate prices have shown limited movement throughout the week as traders evaluated geopolitical risks alongside concerns over declining US Strategic Reserves.

With key economic data and geopolitical developments unfolding simultaneously, investors appeared reluctant to take aggressive positions, leaving several major asset classes confined to relatively narrow trading ranges ahead of the US employment report.

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Dogecoin has fallen more than 25% over the past month and has dropped to around $0.083 after breaking below key support levels as traders continue reducing exposure across derivatives markets.

According to CoinGecko price data, Dogecoin traded near $0.083 on June 5 after losing 4.48% over the previous 24 hours. 

The meme coin moved between an intraday high of $0.091 and a low near $0.083, leaving price action near the bottom of its daily range. 

Weekly losses have reached 12.98%, while the token is down 54.78% over the past year.

The meme coin moved between an intraday high of $0.091 and a low of $0.086, leaving it near the bottom of its daily range.

Weekly losses have reached 12.98%, while the token is down 54.78% over the past year.

Pressure on DOGE has intensified since it fell below the $0.10 level, a zone that previously acted as support. Market data shows the token is now trading beneath the $0.10 to $0.12 range that buyers defended earlier in May.

At current levels, Dogecoin’s market capitalization stands at $13.3 billion, keeping it ranked as the 11th largest cryptocurrency by market value.

Circulating supply has reached 154.52 billion DOGE, closely tracking total supply as new coins continue to enter circulation through mining rewards.

Dogecoin approaches key support as momentum weakens

Technical indicators show Dogecoin sitting at an important decision point.

Crypto analyst Ali Charts had identified $0.0883 as a key support level and projected potential recovery targets at $0.1019 and $0.1156 if buyers defended that area.

https://twitter.com/alicharts/status/2058895357304607146

DOGE has since fallen below the analyst’s support level and was trading near $0.083 at press time.

“As long as this support holds, I think a recovery toward $0.1019 and $0.1156 remains likely,” Ali Charts wrote.

The analyst also warned that a break below $0.0883 could expose the next major supply zone near $0.067. 

With DOGE now trading below that support level, traders are watching whether sellers can extend the decline toward the analyst’s downside target.

Daily chart data shows DOGE extending its downtrend after losing the $0.10 level.

Price has now fallen to around $0.083, placing the token below the $0.0883 support area highlighted by Ali Charts and leaving former support zones unclaimed.

The token recently dropped toward $0.083 before attracting buyers, though the rebound failed to reclaim former support zones.

DOGE/USDT 1-day price chart. Source: TradingView.

Momentum indicators remain under pressure. The daily Relative Strength Index has fallen to around 21.5, placing DOGE deep in oversold territory. 

While such readings can precede short-term relief rallies, the daily MACD remains below its signal line and continues to print negative histogram bars, indicating bearish momentum remains intact.

Short-term indicators tell a similar story.

On the four-hour chart, the Stochastic RSI has dropped into oversold territory with readings near 2 and 17, suggesting selling pressure has become stretched.

DOGE/USDT 4-H price chart. Source: TradingView.

At the same time, the Chaikin Money Flow indicator remains below zero, showing capital continues to leave the asset despite occasional buying attempts.

Ali Charts had previously highlighted support near $0.096 on June 1 after a TD Sequential buy signal appeared. 

DOGE has since broken below that level and continued lower, undermining the earlier bullish setup that pointed to a move toward $0.110.

Derivatives traders cut exposure as crypto markets retreat

Derivatives data from CoinGlass shows traders have become increasingly defensive as prices moved lower.

Futures trading volume fell 7.89% to $2.1 billion, while open interest dropped 4.85% to $1 billion. 

When open interest falls during a selloff, it can indicate liquidations or traders closing leveraged positions as confidence weakens.

Simultaneously, options volume jumped 171.59%, while options open interest climbed 42.23% to $600,650, suggesting some participants are positioning for larger price swings ahead.

Market weakness in Dogecoin has developed alongside a broader decline across digital assets. 

Bitcoin has extended its recent slide while institutional investors continue withdrawing capital from spot Bitcoin exchange-traded funds.

Traders are now watching whether DOGE can regain the lost $0.0883 support area after falling to roughly $0.083.

According to Ali, holding this support could keep recovery targets near $0.1019 and $0.1156 in play.

A break below the channel floor, however, could expose the next major supply zone around $0.067.

The post Dogecoin plunges 25% in a week as bearish pressure grips crypto appeared first on Invezz

The cryptocurrency market has continued its negative performance this week, with Bitcoin, Ethereum, and XRP extending their losses.

Bitcoin briefly touched the $61,100 level, while Ethereum risks dropping below $1,500 in the near term.

Meanwhile, Ripple’s XRP is trading around $1.11 on Friday, marking its lowest level since February 6 and extending its losing streak to six consecutive sessions.

The decline reflects continued weakness across the broader crypto market amid heightened geopolitical uncertainty and fading investor confidence.

XRP ETF inflow resumes, but price action remains weak 

Institutional flows into XRP investment products have flipped positive, with approximately $4 million in inflows recorded on Thursday.

This was after $5 million in outflows were recorded the previous day. 

The outflow on Wednesday was the first one since April 30, indicating that institutional interest in XRP remains strong despite the current bearish price action. 

Cumulative figures still show strong longer-term participation. Total inflows into XRP ETFs stand at $1.5 billion, with assets under management above $1 billion.

The shift suggests that the weak short-term sentiment among investors didn’t last, as they remain bullish on XRP. 

If the inflows persist, it could pave the way for XRP to rally higher once the market selloff ends.

However, XRP is approaching the critical $1.0 support level, which could see it drop towards lower demand zones. 

Market participants continue to reduce exposure to risk assets as geopolitical tensions—particularly between the United States and Iran—fuel uncertainty across global markets.

Due to the current macroeconomic conditions, investors are moving their funds away from volatile assets like cryptocurrencies and toward safer instruments such as bonds, gold, and cash equivalents.

CoinMarketCap data reinforces this cautious positioning, with the Crypto Fear & Greed Index sitting at 17 (Extreme Fear), down sharply from 50 in May.

XRP technical outlook: XRP remains under heavy selling pressure

Similar to Bitcoin and Ethereum, the XRP/USD 4-hour chart is as XRP continues to trade below key long-term trend indicators, maintaining a clearly bearish structure.

At press time, XRP is trading at $1.116, below the 50-day, 100-day, and 200-day EMAs. Meanwhile, the SuperTrend resistance sits at $1.34, capping recovery efforts in the near term.

The technical indicators also showcase an oversold condition. The Relative Strength Index of 30 means that XRP has officially entered the oversold territory.

The MACD histogram remains negative, confirming downward momentum.

While oversold conditions may slow the pace of decline, they have not yet triggered a meaningful reversal.

If the market conditions improve, the bulls would encounter the first major resistance at $1.34, which coincides with the Transactional Liquidity (TLQ) level on the 4-hour chart. 

A daily candle close above this level could see XRP target the higher resistance levels at $1.36 (50-day EMA), $1.44 (100-day EMA), and $1.64 (200-day EMA).

A sustained recovery above these levels would be required to shift the broader bearish outlook.

However, if the selloff persists, XRP could drop below the $1.0 psychological level.

A decisive break below this level could pave the way for accelerated downside pressure in the near term. 

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