US-Iran Optimism Boosts Crypto Markets Amid Mixed Performance
Crypto markets are experiencing a mixed bag of performance on Wednesday, with Bitcoin and Ethereum showing signs of recovery while XRP struggles to gain momentum. The optimism stems from US President Donald Trump's comments that talks with Iran are 'moving along very nicely,' which has boosted risk appetite.
BTC is hovering around $64,000, maintaining a short-term recovery bias as it holds above the 50-day EMA at $64,656. However, momentum remains soft, and rallies could still be vulnerable to selling pressure. Immediate resistance lies at the downward trendline break level around $64,578.
Ethereum, trading near $1,900, mirrors Bitcoin's neutral-to-bullish outlook and holds above the 50-day EMA at $1,852. The RSI is around 52, suggesting neutral to slightly positive momentum, while the negative MACD reading hints that upside traction remains fragile.