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Bitcoin Price Prediction: Bitcoin Drops, Oil Rises, Trump Positive on Iran

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Bitcoin slipped as President Trump addressed the US-Iran conflict, dragging its price down by 3% during the speech amid bearish prediction.

Bitcoin slipped sharply Wednesday as President Trump addressed the nation on the US-Iran conflict, dragging BTC price down by 3% to $66,600 during the speech amid bearish prediction. The asset now seems to stabilize, but BTC is still down 4.9% over seven days.

Trump told the nation last night that Operation Epic Fury has effectively dismantled Iran’s nuclear and naval capabilities while crippling its drone and missile infrastructure, and claimed the US military is “very close” to finishing the job, but still need more weeks, with more fire power.

Markets moved instantly. Crude oil spiked back above $100 per barrel to $108 as traders repriced geopolitical risk upward. Trump simultaneously signaled openness to a deal, describing Iran’s new leadership as “less radical and much more reasonable,” a note of optimism buried inside an otherwise hawkish speech. This ambiguity is precisely the macro fog that keeps risk assets pinned.

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Equities, crypto, and commodities have all traded in lockstep with Middle East headlines for months. Until the Iran situation resolves cleanly in either direction, Bitcoin is unlikely to decouple.

Discover: The best crypto to diversify your portfolio with

Bitcoin Price Prediction: Reclaim $71,500 or Another Pain Coming?

Bitcoin closed Q1 2026 near $68,000, a weak finish that confirmed sustained selling pressure. The current structure shows no major structural levels reclaimed, with downward-sloping moving averages pressuring price from above.

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Support still sits at $66,000 and $63,000, below that zone would mark a deep retest of prior cycle structure. Resistance clusters at $69,000 and $72,000, where moving average resistance and prior breakdown levels converge.

Bitcoin slipped as President Trump addressed the US-Iran conflict, dragging its price down by 3% during the speech amid bearish prediction.
BTC USD, Tradingview

Can Bitcoin force a leg up? Only if Iran deal confirmed, oil retreats below $90, and risk-on flows return, which then BTC reclaims $68,000 with volume. In that scenario it can target $72.000.

However, with dragging conflict, BTC will likely oscillate between $66,000 and $68,000, frustrating both sides. Or, peace talks collapse, oil accelerates, inflation expectations spike. BTC loses $66,000 support and tests $63,000, a level that has not been tested since the Q4 2025 breakdown.

Long-term holders are reportedly increasing demand despite the volatility, but analyst consensus is clear: without a $72,000 reclaim, the path of least resistance remains down.

Discover: The best pre-launch token sales

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Early Mover Potential as Bitcoin Tests Key Levels

For now, spot BTC at this market cap needs enormous capital inflows to move meaningfully. Early-stage infrastructure plays within the Bitcoin ecosystem carry a different risk profile entirely, and a different upside math.

Bitcoin Hyper ($HYPER) is positioning itself as exactly that: the first-ever Bitcoin Layer 2 with Solana Virtual Machine (SVM) integration, claiming faster transaction performance than Solana itself via extremely low-latency processing. The project targets Bitcoin’s three core structural weaknesses, slow transactions, high fees, and zero programmability, while preserving Bitcoin’s underlying security.

The presale has now raised $32 million mark at a current token price of low $0.0136, with a 36% bonus in staking rewards active for early participants. A Decentralized Canonical Bridge handles BTC transfers natively.

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Traders looking to rotate while Bitcoin consolidates can research Bitcoin Hyper here.

This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile. Always conduct your own research before investing.

The post Bitcoin Price Prediction: Bitcoin Drops, Oil Rises, Trump Positive on Iran appeared first on Cryptonews.

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Ether targets the $2,166 resistance as buyers step in

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Traders staring at a bullish ethereum chart
Traders staring at a bullish ethereum chart

Key takeaways

  • ETH is up by less than 1% and now trades above $2,050.
  • The bulls defended the $2,000 support level, with further upward movement on the card. 

Ethereum is up by less than 1% at the time of writing on Friday, halting the bearish performance that gripped the market on Thursday. The coin could rally higher in the near term as buyers have stepped in over the past few hours. 

Onchain data paints a mixed picture for Ether

ETH is trading above $2,050 at press time, but onchain data paint a mixed picture for the top altcoin. Over the past week, investors across different cohorts have cracked under pressure.

According to the onchain data, wallets with a balance of 10K-100K, which have been major buyers throughout the recent downtrend, offloaded 340K ETH between March 24-30. 

However, the wallets flipped back to buying on Tuesday, scooping 270K ETH across the past two days.

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On the other hand, wallets with 100-1K and 1K-10K ETH continued distribution, scaling down their holdings by roughly 200K ETH over the past week.

In addition to that, US spot ETH exchange-traded funds (ETFs) have also posted a similar trend. The ETFs have recorded only two days of inflows over the past two weeks of trading, indicating a bearish bias. 

Ethereum Price Forecast: Bulls defend the $2k psychological level

The ETH/USD 4-hour chart is bullish and efficient as Ether recorded its first monthly gain in six months. 

At press time, ETH is trading at $2,062. Its near-term bias remains mildly bullish as ETH is trading below the 20- and 50-day Exponential Moving Averages (EMAs), which cap advances at around $2,080 and $2,160.

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ETH/USD 4H Chart

The Relative Strength Index (RSI) reads 53, slightly above the neutral level, while the MACD has stabilized around the midline, both indicating a growing bullish momentum. 

If the recovery persists, the bulls would face immediate resistance at $2,108, followed by $2,389 and then $2,746. A daily close above $2,108 would be the first step to ease pressure and expose the higher resistance band toward the 100-day EMA and $2,389.

However, if the sellers regain control, ETH would test the initial support at $1,911, followed by $1,741 and $1,524. 

If ETH continues to trade below $2,108, it risks drifting back toward the $1,700 area in the near term.

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Bitcoin rangebound as altcoins rally while derivatives signal downside risk: Crypto Markets Today

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Bitcoin rangebound as altcoins rally while derivatives signal downside risk: Crypto Markets Today

The crypto market continued to exhibit signs of choppiness on Friday, with bitcoin trading at $67,000 in the middle of a trading range that spans back to early February.

A selection of altcoins picked up during the lower liquidity Asia hours, prompting the likes of ALGO and RENDER to post double-digit gains over the past 24 hours.

But the wider picture remains the same; the crypto market is trading in a macro downtrend dating back to October, characterized by a series of lower highs nad lower lows.

U.S. equities trade flat on Friday as volatility continues to cool since Donald Trump’s comments about a potential end to the war in Iran on Monday.

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Brent crude oil is trading at $109 a barrel, indicating that an end to the war is perhaps not as close as some analysts are predicting.

Derivatives Positioning

  • Futures markets for Bitcoin and Ethereum remained subdued, with the extended holiday weekend keeping trading volumes thin. Open interest in both assets was largely unchanged over the past 24 hours.
  • Open interest in Solana futures has climbed to over 65 million SOL, its highest level since Feb. 7. The increase, combined with negative funding rates and an OI-adjusted cumulative volume delta, suggests traders are increasingly positioning for downside, with short sellers showing greater conviction.
  • Similar bearish market dynamics are present TRX and BCH.
  • OI in Privacy-focused Zcash (ZEC) futures have steadied near 1.70 million ZEC for the third straight day. ZEC’s CVD is also the highest among majors. This combination suggests sustained positioning with strong directional conviction, likely driven by aggressive buying pressure.
  • Bitcoin’s 30-day implied volatility index has declined to 51.28%, the lowest since Feb. The market shows no signs of panic whatsoever despite geopolitical concerns and energy market volatility.
  • Ether’s volatility index has slipped to 72.55%, the lowest since Feb. 26.
  • On Deribit, bitcoin and ether puts continue to trade pricier than calls, indicating a bias for downside protection.
  • Glassnode said that the dealer gamma exposure below $68,000, all the way down to $50,000 is negative. This means that dealers could sell in a falling market to hedge their exposure, adding to downside volatility.

Token talk

  • The altcoin market has been relatively resilient to crypto’s choppy behavior this week, certain portions of the market have outperformed bitcoin and crypto majors, particularly DeFi and AI tokens.
  • The DeFi Select Index (DFX) is up by 1.3% since midnight UTC, while the CoinDesk Computing Select Index (CPUS) rose by 1.5%, beating the bitcoin-heavy benchmarks likes the CoinDesk 20 (CD20), which is up by just 0.16% on Friday.
  • The outperformance of certain altcoins is symptomatic of a consolidating market. When bitcoin and the majors trade flat, traders often speculate on lower liquidity altcoins. That speculation typically grinds to a halt when bitcoin is back deciding the next major market move.

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Pyth soars 9% following Polymarket integration. Will it rally higher?

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Pyth soars 9% following Polymarket integration. Will it rally higher?

Key takeaways

  • PYTH is up 9% in the last 24 hours, outperforming other major cryptocurrencies.
  • The rally comes following Pyth Network’s integration with Polymarket.

PYTH, the native coin of the Pyth Network, is one of the best performers in the crypto market over the past 24 hours. It could rally higher in the near term as the broader market recovers from Thursday’s slump.

PYTH rallies on Polymarket integration

On Thursday, Pyth Network revealed in a blog post that Polymarket, the world’s largest prediction market platform, has integrated Pyth Pro as its data source for a new suite of traditional asset contracts.

The initial offerings include gold, silver, and major equity index ETFs. Polymarket now relies on Pyth Pro’s data to power its daily up/down and daily close markets, with live price charts updated every second to ensure full transparency.

The integration has seen PYTH rally by 9% in the last 24 hours and now trades at $0.0420 per coin. 

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Pyth Pro provides real-time price data through WebSocket, which Polymarket samples every second to display as a live “price to beat” chart. This allows traders to monitor the market’s status relative to their position in real-time.

The selected assets span a wide range of traditional finance, including major equity indices, commodities like gold, silver, WTI crude, and natural gas, along with over a dozen high-profile U.S. equities such as TSLA, COIN, and PLTR.

Polymarket has integrated this real-time data as a key component of its perpetual futures trading platform. Pyth Pro delivers institutional-grade market data directly from top firms, ensuring it is accurate, transparent, and affordable across all asset classes and regions.

To enhance this, Pyth has partnered with industry leaders and government agencies like Cboe, Jane Street, Revolut, and the U.S. Department of Commerce. This collaboration has helped establish a new model to make market data more accessible, accurate, and transparent.

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PYTH eyes $0.050 as bulls step in

The PYTH/USD 4-hour chart is bearish and efficient despite the coin adding 9% to its value in the last 24 hours.

The technical indicators have flipped bullish, indicating that the bulls are now in control of the market. The RSI of 63 is well above the neutral 50 and would enter the overbought territory if the rally persists.

PYTH/USDT 4H Chart

The MACD lines are also within the positive region, indicating a strong bullish bias. If the rally continues, PYTH could retest the $0.050 psychological level for the first time since March 17.

However, if the bears regain control, PYTH could retest the Thursday low of $0.038 over the next few hours or days.

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Drift Seeks Contact With The Hacker After $280M Exploit

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Drift Seeks Contact With The Hacker After $280M Exploit

Drift Protocol, a Solana-based decentralized exchange (DEX), said Friday it had opened onchain contact with wallets tied to funds stolen in the exploit that outside firms have estimated at roughly $280 million to $286 million.

Drift said on X that it had initiated onchain contact with wallets holding the stolen Ether (ETH), seeking to open a line of communication.

The team sent onchain messages from its Ethereum address (0x0934faC) to four wallets linked to the exploiter at the time of publication, urging the attacker to reach out via Blockscan chat. “We are ready to speak,” Drift said.

Onchain messaging has become a common tactic in exploit response, allowing protocols to communicate directly with attackers while preserving anonymity. In past cases, such as the Euler Finance hack, similar outreach led to the partial recovery of funds.

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Drift’s onchain message to the Drift Exploiter on Friday. Source: Etherscan

Anonymous sender tries to pressure the attacker

Drift’s communication came hours after an unknown sender using the ENS name readnow.eth also reached out to wallets linked to the attacker on Thursday via onchain messages.

The sender claimed to know the identities behind the attack and demanded a payment of 1,000 ETH in exchange for withholding information.

Source: Etherscan

The claims could not be independently verified and may represent an attempt to mislead or pressure the wallet holder. The incident highlights how, alongside official communications, unverified messages can circulate onchain after crypto exploits.

Solana fallout keeps spreading

According to SolanaFloor, Drift’s exploit has so far affected at least 20 Solana protocols, including the decentralized finance (DeFi) platform Gauntlet, which was estimated to be impacted to the scale of $6.4 million.

Blockchain security platform Cyvers said the impact was still expanding as of Friday morning, with no funds being recovered 48 hours past the attack.

Cyvers said that the attack was likely a “weeks-long, staged operation,” noting that the attacker set up durable nonces, a Solana feature allowing users to pre-sign transactions for future execution, days before the exploit.

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Related: Crypto hackers steal $169M from 34 DeFi protocols in Q1: DefiLlama

“This closely mirrors the Bybit hack, different technique, same root issue: signers unknowingly approving malicious transactions,” Cyvers added.

Some industry observers, including Ledger chief technology officer Charles Guillemet, suggested the exploit may involve North Korea-linked actors, though details remain unconfirmed.

Magazine: Nobody knows if quantum secure cryptography will even work

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