Crypto
Home›Crypto›Market Structure›Bitcoin holds above $64,400 as ether looks to reverse…
Bitcoin holds above $64,400 as ether looks to reverse its slide
Ether rose 2.6% to $1,790 as it tried to snap a pattern of lower highs and lower lows, while bitcoin advanced toward its June 15 peak.
Bitcoin traded around $64,400, retesting a level it failed to break on Monday, and a clean move higher is pointing it toward a June 15 peak near $67,250, according to CoinDesk.
Ether, meanwhile, rose 2.6% to about $1,790, as traders watched it for signs of breaking out of sequential lower highs and lower lows.
Altcoins also posted gains into the weekend, with LIT up more than 200% since May 16 after a deal involving Robinhood Chain to bring its decentralized derivatives exchange to 28 million customers, and rival Hyperliquid’s HYPE showing a bullish sequence of higher lows.
CoinDesk also noted crypto’s divergence from equities, with S&P 500 and Nasdaq 100 futures down 0.1% and 0.4%, respectively, as bitcoin was up about 2% since midnight UTC and traded at roughly $63,965.74 earlier Friday.
Latest closeBitcoin $64,765.97 ▲1.3%|S&P 500 7,316.15 ▼1.5%|Nasdaq Comp. 24,442.94 ▼1.7%