Crypto Markets Hold Gains Amid Macro Headwinds
Cryptocurrency markets are holding onto gains on Friday as investors reassess risk in the face of persistent macro headwinds. Bitcoin (BTC) has retreated from its weekly peak of $87,378 and is currently trading slightly above $84,000, while maintaining a constructive bullish structure.
Ethereum (ETH), however, has slipped below $2,700 to $2,683, yet continues to trade well above its 50-, 100-, and 200-day Exponential Moving Averages (EMAs), preserving a medium-term uptrend. This indicates that buying interest remains firm despite bouts of profit-taking across the broader market.
Ripple's XRP diverges from this softer tone, edging higher for a second straight session and trading around $1.54. The token is supported by clustered moving averages and positive momentum signals, with technical upside toward $2.00.