- Crypto news today: Bitcoin, Ethereum, and XRP gains fell as the back-and-forth between the United States and Iran continued:
Bitcoin’s losses fell to below $63,000 amid ongoing geopolitical pressure in the Middle East.
Ethereum’s price fell and held around the 50-day exponential moving average as immediate support, affected by outflows from exchange-traded funds.
XRP’s technical structure remains weak, paving the way for declines below $1.10 despite moderate capital flows.
Cryptocurrency prices broadly fell on Friday as investors continued assessing the impact of ongoing attacks between the United States and Iran in the Middle East. Bitcoin’s (BTC) price dropped by more than 1% during the day, trading below the $63,000 level. This comes as part of a wider price correction from its weekly high of $65,600.
Both Ethereum (ETH) and Ripple (XRP) reflect similar overall pressure, with ETH heading toward the $1,800 short-term support level, while XRP stayed hovering below the key $1.10 level.
U.S.-Iran strikes weigh on markets as investors turn to risk aversion
U.S. military operations continued for the sixth night in a row, targeting southern Iran. Al Jazeera reported that officials in Bandar Abbas confirmed raids on civilian infrastructure, including power generation facilities and a train station.
Reuters revealed, citing late Thursday evening sources, that Iran issued instructions to the Houthis militias in Yemen to prepare to shut down the oil passage in the Red Sea if U.S. actions escalated against Iranian energy assets, significantly increasing the risks facing global energy markets.
Meanwhile, sentiment remains relatively stable but muted in the overall crypto market, as shown by the Fear and Greed Index. The index is holding in the fear range at 27 points on Friday, up slightly from 25 points the previous day. This stability is attributed to macroeconomic indicators that pointed to lower inflation in the world’s largest economy earlier in the week, leading to a short-term uptick in prices of high-risk assets, including Bitcoin, Ethereum, and XRP.
Fear and Greed Index in Crypto | Source: Badil
In the meantime, spot Bitcoin inflows into exchange-traded funds (ETFs) continued on Thursday at around $79 million, marking a sharp drop from $108 million on Wednesday and $181 million on Tuesday. If institutional appetite stays steady in the coming weeks, it will absorb pressure caused by the war, allowing the price to hold before another attempt to break above $65,000.
Spot Bitcoin ETF flows | Source: SoSoValue
Investments in Ethereum spot ETFs saw a risk-off trend, with outflows totaling $28 million on Thursday. This reversed two consecutive days of inflows, which reached $54 million on Wednesday and $58 million on Tuesday. These outflows coincide with Ethereum rejecting a price correction from its weekly high of $1,947, reinforcing the broader market move toward avoiding risk.
Ethereum ETF flows | Source: SoSoValue
As for XRP, demand for spot ETFs returned on Thursday, attracting about $7 million in net inflows, according to SoSoValue data. This improvement comes after three days of stagnant activity. However, total inflows rose slightly to $1.49 billion, with an average net assets figure of $997 million. Sustained demand for U.S.-listed ETFs is considered necessary to absorb selling pressure in the spot market and support a steady rebound.
XRP ETF flows | Source: SoSoValue
Price analysis: Bitcoin price drops with technical weakness impact
Bitcoin maintains a bearish trend, with its price staying below the 50-, 100-, and 200-day exponential moving averages (EMAs). The Parabolic SAR indicator at $65,600 reinforces selling pressure, while the Relative Strength Index (RSI) stands at 47, slightly below the neutral level, indicating weak buying pressure despite the slightly positive convergence/divergence reading of the Moving Average Convergence Divergence (MACD).
Daily chart of BTC/USDT pair
On the upside, immediate resistance sits at the 50-day EMA at $65,007, followed directly by the Parabolic SAR at $65,600, forming a short-term ceiling before the 100-day EMA at $68,323 and the 200-day EMA at $74,367. On the downside, breaking the previous descending trendline around $61,106 is the closest structural support, and a daily close below this level is likely to open the door to a deeper corrective phase. Any sustained rebound from the current level would need to reclaim the clustered resistance around $65,000 to ease the intensity of the current bearish trend.
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