Donald Trump · Bitcoin · CoinDesk
XRP, ether lead crypto losses as traders eye $70,000 bitcoin next
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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.
Key facts
- XRP fell almost 2% to $1.01 and is down almost 6% on the week, the worst of the group by some distance
- 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
- Ether was the weakest major, down over 2% to $1,878, though it remains slightly higher over seven days
- That makes $70,000 the next area to watch, another round number with the 200-day moving average sitting nearby
Summary
Bitcoin 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. Ether was the weakest major, down over 2% to $1,878, though it remains slightly higher over seven days.