Bitcoin And Altcoins Rebound Despite War in Middle East
Bitcoin (BTC) remains above $100,000, with institutional investors continuing to buy despite price fluctuations. Bitcoin's 60-day realized volatility is lower than major US stock indices, indicating maturation as an asset class. Inflows into Bitcoin exchange-traded products (ETPs) reached $1.1 billion, reflecting investor confidence. The S&P 500 Index is testing the 20-day EMA, with potential declines to 5,747 if it fails to hold. The US Dollar Index is showing signs of recovery, with a possible rise above 99.48. Bitcoin's price may drop to $93,000 if it falls below $100,000, while Ether (ETH) is facing resistance at $2,323. XRP is attempting to recover from below $2, and BNB has broken below $634, indicating bearish sentiment. Solana (SOL) is testing support at $123, while Dogecoin (DOGE) fluctuates between $0.14 and $0.26. Cardano (ADA) risks breaking below $0.50, and Hyperliquid (HYPE) shows buying interest at lower levels but faces resistance at the 20-day EMA.
