Bitcoin Holds Ground as XRP Slides Towards $1.00 Amid Eased Geopolitical Tensions
Crypto markets ended the week on a mixed note, with Bitcoin and Ethereum maintaining their levels, while XRP continued its downward trend.
The geopolitical risk landscape has eased slightly due to reports of Iran and Oman working towards a deal to reopen the Strait of Hormuz for commercial shipping. However, tensions remain high as Iran's deputy foreign minister denied any direct talks with Washington, and Saudi Arabia is warning of potential coordinated attacks on port and airport infrastructure.
Bitcoin currently trades at $64,480, facing resistance at the 50-day EMA. Ethereum is trading at $1,906, with mixed signals from technical indicators. XRP, on the other hand, has been sliding for five consecutive days and is now nearing the $1.00 mark.