Bitcoin Tumbles Under Institutional Pressure as CRV and ICP Defy Trend

The crypto market is showing mixed sentiment as Bitcoin's price dropped to around $64,000 under pressure from institutional selling. The Fear and Greed Index has declined to 37, indicating renewed bearish pressure.

Despite this, Curve DAO (CRV) and Internet Computer (ICP) are bucking the trend, continuing their gains for the week. CRV is holding above its 50-day EMA at $0.2165 and has reclaimed the 78.6% Fibonacci retracement at $0.2608.

For ICP, a recent rebound above both the 50-day and 100-day EMAs reflects firm buying pressure. However, it remains capped beneath its longer-term 200-day EMA at $2.6557, suggesting a broader corrective tone.