CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Crypto Overview: Bitcoin consolidates above $60,000  – CRV, WLFI, XMR lead gains

Source Fxstreet
  • Bitcoin edges higher on Thursday, holding ground above the $60,000 mark.
  • Market sentiment remains heavy with Fear, and the Greed and Fear Index at 15 flashes extreme fear among investors.
  • Curve DAO, World Liberty Financial, and Monero emerge as top performers over the last 24 hours.

The broader cryptocurrency market maintains risk-off sentiment as Bitcoin lingers above $62,000 at press time on Thursday. The mild recovery in BTC fails to lift the Fear and Greed Index, which at 15 continues to signal extreme fear among investors. Still, certain altcoins, Curve DAO (CRV), World Liberty Financial (ELFI), and Monero (XMR), have emerged as top performers over the last 24 hours.

Market sentiment remains grounded with Bitcoin below $65,000

CoinMarketCap’s Crypto Fear and Greed Index – which measures the prevailing sentiment in the crypto market – is at 15 on Thursday, remaining below 20 so far this week, reflecting extreme fear among investors following Bitcoin’s brief slip below $60,000 on Friday.

Fear and Greed Index. Source: CoinMarketCap

Bitcoin trades around $62,200 at press time on Thursday, maintaining a mild bearish near-term tone as price consolidates above the $60,000 psychological threshold following last week's 14% decline. The 50-, 100-, and 200-day Exponential Moving Averages (EMAs) act as layered resistance well above price. From a technical perspective, the prior rising trendline, broken near $72,263.53, reinforces this overhead supply zone.

That said, momentum remains weak with the Relative Strength Index (RSI) at 27 staying in oversold territory and the Moving Average Convergence Divergence (MACD) and signal line remain in the negative zone, hinting that bearish pressure persists despite the stretched conditions.

Looking down, the $60,000 level remains the key notable support; a sustained break would expose deeper losses, while holding above this floor could allow an oversold bounce toward the cited resistance band.

Chart Analysis BTC/USDT (Binance)
BTC/USDT daily price chart.

On the topside, initial resistance is seen around the $65,000 round figure, then the 50-day EMA near $71,650, and finally the broken uptrend line near $72,264.

Top Gainers: Curve DAO, World Liberty Financial, and Monero extend gains

Curve DAO is up 8% at the time of writing on Thursday, marking its sixth consecutive day of recovery. The broader bias remains capped, with price holding below the 100- and 200-day EMAs at $0.2421 and $0.3045, respectively, despite attempts to stabilize above the shorter-term 50-day EMA at $0.2227.

The RSI near 57 indicates a steady increase in buying pressure, while a positive MACD crossover above its signal line hints at a recovering bullish momentum.

On the topside, immediate resistance is located at the 50% Fibonacci retracement at $0.2316, measured over the downswing from $0.2931 to $0.1700, followed by the 100-day EMA at $0.2421.

Chart Analysis CRV/USDT (Binance)
CRV/USDT daily price chart.

On the downside, initial support is seen at the 50-day EMA at $0.2227, followed by the 38.2% Fibonacci level at $0.1990, acting as a key medium-term floor if selling pressure resumes.

World Liberty Financial maintains a neutral-to-slightly constructive tone as it consolidates above the 50- and 100-period EMAs at $0.0575 and $0.0586, respectively. This positioning suggests dip-buying interest is emerging.

That said, mildly bullish momentum supports the recovery attempt, as the MACD and signal line rise above the zero line, while the RSI at 61 holds above the midline.

Initial resistance is aligned with the descending trend-line break area near $0.0605, with a more significant cap at the 200-period EMA around $0.0618, which WLFI must reclaim to unlock a stronger bullish phase.

WLFI/USDT daily price chart.

Immediate support is seen at the 100-period EMA at $0.0586, followed by the 50-period EMA near $0.0575, where a break lower would undermine the nascent positive bias and expose deeper retracements.

Monero trades around $340 at press time on Thursday, following a 7% jump the previous day. XMR maintains a mildly bearish near‑term tone as it remains below the 50‑day EMA at $361, along with the 100‑day EMA at $367 and the 200‑day EMA at $367, forming a dense overhead cap.

Momentum readings align with this capped structure, as the RSI hovers around a neutral‑to‑soft 47 while the MACD remains in negative territory, though its latest uptick suggests downside pressure may be easing rather than reversing.

On the topside, initial resistance is located at the 23.6% Fibonacci retracement of the broader downswing at $355, followed by the 50‑day EMA near $361.

XMR/USDT daily price chart.

On the flip side, structural support is much lower at the prior swing low around $276.56, with the absence of closer Fibonacci or moving‑average floors suggesting that any renewed selling could see price gravitate back toward that base if the current rebound from recent lows stalls under the EMA cluster.

(The technical analysis of this story was written with the help of an AI tool.)

Disclaimer: The content available on Mitrade Insights is provided for informational and marketing purposes only. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research
Nothing in this material constitutes investment advice, personal recommendation, investment research, an offer, or a solicitation to buy or sell any financial instrument. The content has been prepared without consideration of your individual investment objectives, financial situation, or needs, and should not be treated as such.
Past performance is not a reliable indicator of future performance and/or results. Forward-looking scenarios or forecasts are not a guarantee of future performance. Actual results may differ materially from those anticipated.
Mitrade makes no representation or warranty as to the accuracy or completeness of the information provided and accepts no liability for any loss arising from reliance on such information.
placeholder
Cardano Price Forecast: Bearish outlook strengthens as correction deepensCardano (ADA) is extending its correction, trading below $0.29 at the time of writing on Thursday after posting two consecutive red candlesticks over the previous two days.
Author  FXStreet
Feb 05, Thu
Cardano (ADA) is extending its correction, trading below $0.29 at the time of writing on Thursday after posting two consecutive red candlesticks over the previous two days.
placeholder
Silver Price Forecast: XAG/USD bulls seem hesitant below $82.00; US NFP awaitedSilver (XAG/USD) steadies following the previous day's modest pullback from the $84.00 mark and trades with a mild positive bias during the Asian session on Wednesday.
Author  FXStreet
Feb 11, Wed
Silver (XAG/USD) steadies following the previous day's modest pullback from the $84.00 mark and trades with a mild positive bias during the Asian session on Wednesday.
placeholder
Euro zone short-dated yields set for weekly rise on Hormuz concernsBy Stefano Rebaudo April 24 (Reuters) - Euro zone short-dated government bond yields were headed for their biggest weekly rise in over a month as tensions around the Strait of Hormuz stoked inflation fears and European Central Bank rate hike expectations.Borrowing costs tracked oil prices, which ...
Author  Reuters
Apr 24, Fri
By Stefano Rebaudo April 24 (Reuters) - Euro zone short-dated government bond yields were headed for their biggest weekly rise in over a month as tensions around the Strait of Hormuz stoked inflation fears and European Central Bank rate hike expectations.Borrowing costs tracked oil prices, which ...
placeholder
Japan's Nikkei closes at record high as tech earnings overshadow Mideast concernsBy Rocky Swift TOKYO, April 24 (Reuters) - Japan's Nikkei set a closing record high on Friday, capping a third consecutive weekly gain, as enthusiasm over technology sector earnings offset uncertainty over a potential peace deal in the Middle East.The benchmark Nikkei 225 Index .N225 rose 0.9...
Author  Reuters
Apr 24, Fri
By Rocky Swift TOKYO, April 24 (Reuters) - Japan's Nikkei set a closing record high on Friday, capping a third consecutive weekly gain, as enthusiasm over technology sector earnings offset uncertainty over a potential peace deal in the Middle East.The benchmark Nikkei 225 Index .N225 rose 0.9...
placeholder
The Trumponomics Ebook: Oil Price Volatility in the Iran War Understand how the Strait of Hormuz shock moved markets, and what CFD traders watched next.
Author  Rachel Weiss
May 25, Mon
Understand how the Strait of Hormuz shock moved markets, and what CFD traders watched next.
goTop
quote