XRP, ether lead crypto losses as traders eye $70,000 bitcoin next

MarketsXRP, ether lead crypto losses as traders eye $70,000 bitcoin nextBitcoin failed to hold $65,000 for a fourth day as an oil rally revived inflation worries before Wednesday's U.S. price data.By Shaurya Malwa9 min ago2 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShowBitcoin slipped below $65,000 after a fourth failed attempt to hold that level, though it remains slightly higher on the week amid weak overall crypto sentiment.Ether and XRP led declines among major tokens, while Solana and BNB held weekly gains and HYPE, tron and dogecoin edged higher.Analysts see a buildup of short positions above $65,000 and view $70,000—near bitcoin’s 200-day moving average—as the key level that could shift sentiment, as broader markets focus on rising bond yields, higher oil prices and upcoming U.S. inflation data.Bitcoin slipped to near $64,000 on Tuesday, down over 1% on the day but still up marginally on the week, after a fourth failed attempt to hold above $65,000. It reached a 24-hour high just above $65,300 before sliding through the Asian afternoon.Ether was the weakest major, down over 2% to $1,878, though it remains slightly higher over seven days. XRP fell almost 2% to $1.01 and is down almost 6% on the week, the worst of the group by some distance. Solana eased under 1% to $76 but leads the week at 3%. BNB slipped to $600 and holds a 2% weekly gain.Three majors went the other way. Hyperliquid's HYPE rose almost 2% to $55, tron gained slightly to 33 cents and dogecoin was marginally higher at 7 cents.Alex Kuptsikevich, chief market analyst at FxPro, said bitcoin has been testing $65,000 for four straight days without any surge in buying as it approaches the round number. More telling is the absence of selling into it, which he read as "a build-up of short positions well above this level" rather than holders taking profit.That makes $70,000 the next area to watch, another round number with…

XRP, ether lead crypto losses as traders eye $70,000 bitcoin next

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