Price predictions 5/25: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, HYPE, ZEC
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Bitcoinâs weekend bounce shows strong demand at lower levels, but holding $78,000 may remain a challenge for the bulls.
Key points:
Bitcoin (BTC) bounced on Saturday following US President Donald Trumpâs announcement in a post on his Truth Social platform that negotiations between the US and Iran were âproceeding in an orderly and constructive manner.â Buyers extended the recovery on Monday and are attempting to sustain above $77,500.
The uncertainty of the past few days has resulted in $1.55 billion in net outflows from the US BTC exchange-traded funds. Crypto sentiment platform Santiment said in a report on Friday that sharp outflows from BTC ETFs indicate retail capitulation, which has âhistorically correlated with conditions favorable for patient accumulationâ for long-term holders rather than panic.Â
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