John Isige

Cryptocurrency prices are trending lower on Thursday, pressured by renewed inflation concerns stemming from ongoing tensions between the United States (US) and Iran and persistently elevated Oil prices.

Ripple (XRP) is losing momentum on Thursday, albeit gradually, trading above $1.13.

Tron (TRX) maintains a neutral-to-bearish tone, trading above $0.32 at the time of writing on Thursday. The smart contracts token failed in its attempt to break out above resistance at $0.33 the day before, reflecting a broader downturn in the crypto market.

Bitcoin (BTC) is edging higher on Friday, albeit gradually, after reclaiming support above $65,000. Meanwhile, Ethereum (ETH) shows signs of stability near the immediate $1,900 hurdle, backed by mild capital inflows.

Bitcoin stabilizes above $65,000, eyeing a short-term breakout despite renewed outflows from US-listed spot ETFs.

The cryptocurrency market is broadly pulling back this Friday following an early-week surge that pushed Bitcoin (BTC) near the $67,000 mark. BTC has since retreated below $65,000, as escalating tension and hostilities between the United States and Iran fuel investor caution.

Bitcoin (BTC) maintains a neutral-to-bullish outlook, trading above $65,000 on Monday. Ethereum (ETH) is approaching the key supply and inflection point $2,000, while Ripple (XRP) hovers slightly above $1.10, underscoring a marginal improvement in the broader cryptocurrency market sentiment.

Ripple (XRP) maintains narrow range trading on Monday, with support at $1.10. The token's upside remains largely constrained, as major moving averages trend downward, aligning with low demand in both the institutional and retail markets.

Zcash (ZEC) is trimming gains below $500 on Monday, weighed down by broader cryptocurrency market headwinds. The privacy-oriented token hit highs around $589 in mid-July, supported by increasing retail appetite and a robust technical structure.

Market participants are changing gears on Monday from the war between the United States (US) and Iran in the Middle East to the anticipated Federal Reserve (Fed) interest rate decision.