Crypto Market Correction: Bitcoin Tumbles Below $78k as Near, Zcash Shine

The crypto market continues to experience a mild correction as Bitcoin trades below $78,000 on Thursday. Despite this, Near Protocol and Zcash remain among the top performers, with sustained gains over the last 24 hours.

BTC holds well above its Exponential Moving Averages (EMAs), indicating a broadly supported uptrend. However, the Relative Strength Index (RSI) has eased to around 58, and the Moving Average Convergence Divergence (MACD) has drifted below the signal line, suggesting slowing upside momentum.

Near Protocol continues to hold well above its EMAs, with a strong but stretched upside momentum indicated by its RSI reading of 69. Zcash remains in a strong bullish bias, despite its overheated momentum, with an RSI hovering around 75.