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24 Apr 2026, 07:20
Crypto Price Analysis Apr-17: ETH, XRP, ADA, BNB, and HYPE
This Friday, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail. Ethereum (ETH) Ethereum was flat this week as bulls and bears battled it out below the key resistance at $2,400. So far, the market has found a fragile equilibrium, but this is unlikely to last. Either the key resistance breaks or sellers take over and push ETH back to its support at $2,000. The momentum favors buyers who have regained the initiative in the last few weeks. However, the pattern formed by the price looks like a bearish ascending channel that could end up with ETH falling below it, eventually. Looking ahead, even if Ethereum rallies to $2,800, the macro price action remains in a major bear market, with clear lower lows and lower highs. The price needs to go over $3,000 to turn macro bullish. Source: TradingView Ripple (XRP) XRP was also flat this week, unable to move much beyond its key support at $1.4. This lack of momentum is concerning and is also accompanied by declining volume. Any move higher on falling volume is a bearish signal. Therefore, it is hard to expect any major impulse up in these conditions since buyers appear to be absent. Still, as long as $1.4 holds, XRP has a chance to move up later on. Looking ahead, XRP appears to have formed a nice rounded bottom around $1.3. This is positive and may require more time before bulls are ready to challenge the resistance at $1.6, which is the next major target on the chart. Source: TradingView Cardano (ADA) ADA is down 2% this week and has been struggling in this range between 28 and 24 cents for months. Neither the resistance nor the support gave way for the price to escape. Buyers appear determined to defend the price at the key $0.24 support, but as soon as they push it to the resistance at $0.28, sellers immediately make their presence felt on the orderbook. This hints as sustained selling at key price levels by major holders. Looking ahead, Cardano is found in a rather difficult spot. The longer the price sits in this range the more anxious holders will get because any renewed weakness at the key support would push ADA into sustained losses not seen in years. Source: TradingView Binance Coin (BNB) BNB managed a modest 1% gain this week after its price found good support on the $580 level, which has defended the price well to date. Buyers always returned there, but quickly lost interest as soon as BNB moved higher. This consolidation in this area is promising, but also a warning. If buyers cannot break the resistance at $690 in the near future, sellers could take back control to push Binance Coin to new lows, with $500 as a key target. Looking ahead, this cryptocurrency is taking a pause after a long correction since the all-time high at $1,375. This pause could be temporary before sellers push for new lows. Best to be cautious here because of that. Source: TradingView Hype (HYPE) HYPE closed the week down by 6% after buyers failed to sustain the price above the key support at $43. This weakness was visible on the chart due to the bearish wedge that has formed since January. If this cryptocurrency cannot keep its price within this wedge, it could end up into a major correction that would mirror the one from late 2025. That could send the price towards $36 and $30 next. Looking ahead, HYPE had a fantastic run in the first few months of 2026. However, the price appears ready for a significant correction before new highs become possible, likely towards the end of this year. Source: TradingView The post Crypto Price Analysis Apr-17: ETH, XRP, ADA, BNB, and HYPE appeared first on CryptoPotato .
24 Apr 2026, 07:20
Bitcoin dips below $78k amid elevated oil prices; set for 4th weekly rise
24 Apr 2026, 07:15
Gold Price Crashes to Two-Week Low: Bears Tighten Grip as Iran Tensions and Inflation Fears Fuel USD Rally
BitcoinWorld Gold Price Crashes to Two-Week Low: Bears Tighten Grip as Iran Tensions and Inflation Fears Fuel USD Rally Gold prices have plummeted to a two-week low, signaling that bearish sentiment has taken full control of the market. The precious metal’s decline comes as renewed geopolitical tensions with Iran and persistent inflation fears drive a strong rally in the US Dollar. This article provides an in-depth analysis of the forces pushing gold lower, the outlook for the yellow metal, and what this means for investors. Gold Hits Two-Week Low: A Bearish Breakout Gold prices fell sharply on Tuesday, reaching their lowest level in two weeks. The decline accelerated after the price broke below a key support level at $1,950 per ounce. Technical analysts point to a bearish flag pattern on the daily chart, suggesting further downside is likely. The sell-off was broad-based, with gold futures for June delivery dropping by 1.5% to settle at $1,932 per ounce. Spot gold mirrored this move, falling to $1,928 per ounce. The drop marks a stark reversal from the rally seen earlier this month, when prices briefly touched $2,000. Why Bears Retain Control: The USD and Treasury Yields The primary driver behind gold’s weakness is the surging US Dollar. The Dollar Index (DXY) climbed to a fresh three-month high above 105.50. A stronger dollar makes gold more expensive for holders of other currencies, dampening demand. Simultaneously, US Treasury yields have risen sharply. The 10-year yield jumped to 4.65%, its highest level since November. Higher yields increase the opportunity cost of holding non-yielding assets like gold. This dual pressure from a strong dollar and rising yields creates a formidable headwind for the precious metal. Inflation Fears Support the USD Stubbornly high inflation data from the US has fueled the dollar rally. The latest Consumer Price Index (CPI) report showed inflation at 3.5% year-over-year, well above the Federal Reserve’s 2% target. This has forced the market to price out expectations for early rate cuts. The Fed has signaled it will maintain higher interest rates for longer to combat inflation. Higher rates attract foreign capital, boosting the dollar. This cycle of strong data, hawkish Fed, and a rising dollar is a classic negative scenario for gold. Iran Risks: A Double-Edged Sword for Gold Geopolitical tensions surrounding Iran have escalated in recent weeks. The US has imposed new sanctions on Iranian oil exports, and there are reports of increased military posturing in the Strait of Hormuz. Historically, such risks would be a boon for gold as a safe haven. However, the current market dynamics have inverted this relationship. The Iran risks are primarily supporting the US Dollar, which is seen as the ultimate safe haven in times of global uncertainty. Investors are flocking to the dollar and US Treasuries, bypassing gold entirely. This has turned a traditionally bullish factor for gold into a bearish one. The situation creates a paradox. While the threat of supply disruptions in the Middle East could theoretically boost gold, the immediate market reaction has been to favor the liquidity and safety of the dollar. This trend is likely to persist as long as the crisis remains contained to economic sanctions and diplomatic posturing. Technical Analysis: Key Levels to Watch From a technical perspective, the outlook for gold remains bearish. The price has broken below the 50-day moving average, a key short-term trend indicator. The next major support level sits at $1,900 per ounce, a psychological barrier. Support: $1,900, $1,880, $1,850 Resistance: $1,950, $1,970, $2,000 The Relative Strength Index (RSI) has dipped below 40, indicating that the selling pressure is strong but not yet oversold. This suggests there is room for further downside before a potential bounce. Traders should watch for a close below $1,900 to confirm the next leg lower. Impact on Other Precious Metals The bearish sentiment is not limited to gold. Silver prices have also taken a hit, falling to a three-week low of $24.50 per ounce. The gold-to-silver ratio has widened to 80, indicating that silver is underperforming gold. Platinum and palladium have also declined, reflecting a broad sell-off in the precious metals complex. The strength of the dollar is overwhelming any potential support from industrial demand or supply constraints. Expert Analysis: What the Data Shows Market analysts point to the shifting correlation between gold and real yields as a key factor. Historically, gold and real yields (TIPS yields) have an inverse relationship. However, this relationship has broken down in recent weeks. Real yields are rising, and gold is falling in lockstep, confirming that the dollar is the dominant driver. According to data from the Commodity Futures Trading Commission (CFTC), speculative long positions in gold futures have been reduced significantly. Hedge funds and money managers are cutting their bullish bets, adding to the selling pressure. What This Means for Investors For investors holding gold as a portfolio hedge, the current environment is challenging. The traditional safe-haven narrative is not working as expected. The key takeaway is that the dollar’s strength is the most important variable to watch. Investors should consider the following: Monitor the DXY: A continued rally above 106 could push gold to $1,850. Watch Fed speeches: Any hawkish comments will further pressure gold. Geopolitical escalation: A direct military conflict involving Iran could shift flows back into gold. Conclusion Gold has hit a two-week low, and bears retain control as the combination of a strong US Dollar, rising yields, and persistent inflation fears outweighs the traditional safe-haven support from geopolitical risks. The Iran situation is paradoxically fueling the dollar rally, creating a perfect storm for the yellow metal. Until the dollar shows signs of weakness or geopolitical tensions escalate dramatically, gold prices are likely to remain under pressure. Investors should brace for a potential test of the $1,900 support level in the coming days. FAQs Q1: Why is gold falling despite geopolitical tensions with Iran? Geopolitical tensions are currently supporting the US Dollar, which is the primary safe haven. A stronger dollar makes gold more expensive and less attractive, overriding its own safe-haven appeal. Q2: What is the next major support level for gold? The next major support level is $1,900 per ounce. A break below this level could open the door for a decline toward $1,850. Q3: How does inflation affect gold prices? Inflation typically supports gold as a hedge. However, current inflation is causing the Federal Reserve to keep interest rates high, which strengthens the dollar and raises yields, both of which are negative for gold. Q4: Is it a good time to buy gold now? The short-term trend is bearish. It may be prudent to wait for a clear bottoming pattern or a significant pullback in the dollar before entering new long positions. Q5: What is the gold-to-silver ratio telling us? The gold-to-silver ratio has widened to 80, meaning silver is underperforming gold. This suggests a broad risk-off sentiment in precious metals and a preference for the more liquid gold market. This post Gold Price Crashes to Two-Week Low: Bears Tighten Grip as Iran Tensions and Inflation Fears Fuel USD Rally first appeared on BitcoinWorld .
24 Apr 2026, 07:15
XRP holds $1.41 support as bulls target $1.54 breakout ahead
Ripple (XRP) has maintained the $1.41 support as the broader cryptocurrency market retraced over the last 24 hours. The remittance token was rejected at its weekly high of $1.46 on Wednesday, but could try again as buyers look to step in. Growing demand backs XRP’s bullish structure XRP is the second-best performer among the top 10 cryptocurrencies by market cap despite being up by less than 1% in the last 24 hours. The positive performance has allowed XRP to maintain the $1.41 support level in the near term and is currently trading at $1.43. XRP’s performance over the past few days is backed by growing retail and institutional demand. According to CoinGlass , spot XRP ETFs recorded an inflow of $3.88 million on Thursday, extending their inflow streak following last week’s $55 million gain. Meanwhile, cumulative inflows average $1.28 billion and total net assets $1.09 billion. Steady institutional demand is required to help shape sentiment and sustain XRP’s recovery. The derivatives market also shows that retail traders are increasing their participation in the market. XRP’s Fear & Greed Index now reads 46, up from the 32 recorded at the start of the week. Higher sentiment readings suggest an increasing appetite for crypto assets. XRP’s futures Open Interest (OI) steadied at $2.54 billion on Friday. CoinGlass data shows that OI peaked at $10.94 billion in July, coinciding with XRP hitting a new record high of $3.66. Technical outlook: XRP keeps its sights on the 100-day EMA XRP’s price has been ranging between $1.40 and $1.45 over the past few days despite improved market sentiment. It is currently trading above the 50-day Exponential Moving Average (EMA) at $1.41. However, the 100-day EMA at $1.54 and the 200-day EMA at $1.78 are reinforcing a broader bearish structure. Despite the recent positive performance, a long-standing downward resistance trendline remains unchallenged. Momentum readings send mixed signals, as the Moving Average Convergence Divergence (MACD) histogram is slightly positive on the daily chart. Furthermore, the Relative Strength Index (RSI) is around 51, showcasing a neutral tone. If the market recovery continues, initial resistance would be met just above the daily open price of $1.43. A sustained close above this barrier would be needed to ease immediate downside pressure. An extended rally would bring the 100-day EMA at $1.54 into focus, ahead of the descending trendline break level near $1.67. As usual, the 200-day EMA at $1.78 continues to cap the broader recovery outlook. However, if the bears regain control, $1.40 could serve as a pivotal demand zone. The weekly open at $1.39 reinforces the above support. A daily candle close below this level could see XRP dip towards lower levels, consistent with the overall bearish structure. The general market structure has tilted bullish in the last few days, with further gains expected in the near to medium term. The post XRP holds $1.41 support as bulls target $1.54 breakout ahead appeared first on Invezz
24 Apr 2026, 07:12
BTC spot ETF inflows hit $2.1 billion in 8 days
🚨 Spot bitcoin ETFs in the US saw $2.1 billion in inflows over eight days. Institutional funds like BlackRock’s IBIT led this historic streak in $BTC. 🧠 Key point: Breaking $80,000 could put most new investors in profit. Continue Reading: BTC spot ETF inflows hit $2.1 billion in 8 days The post BTC spot ETF inflows hit $2.1 billion in 8 days appeared first on COINTURK NEWS .
24 Apr 2026, 07:12
Balancer Hack Attacker Back After 5 Months, Moves $2.5M in ETH
The Balancer hack attacker has converted 1,100 Ethereum into Bitcoin. The hacker’s return has sparked caution and speculation among community members. The choice of Bitcoin indicates that the hacker is taking a calculated approach. The $120 million Balancer hack is back in the spotlight after five months. In the latest development, the attacker has resurfaced, moving 1,100 Ethereum tokens. After months of silence, the attacker is once again converting funds, putting the crypto community back on alert. Balancer Hack Exploiter Resurfaces, Moves ETH According to Lookonchain data , the attacker behind the massive Balancer hack is now active. After remaining dormant for almost five months, the exploiter is now converting Ether into Bitcoin via THORChain. On-chain data shows that the Balancer hack exploiter has started moving funds and swapped 1,100 ETH, worth $2.55 million, into Bitcoin. The transaction was carried out via THORChain, a decentralized protocol that allows cross-chain swaps without intermediaries. For context, the Balancer occurred in late 2025. It is considered one of the biggest DeFi hacks. The attacker reportedly used a vulnerability in Balancer’s smart contracts to drain more than $120 million in crypto. It is worth noting that the latest move comes following the KelpDAO exploit . Notably, this move has raised concerns about the hacker’s money laundering activities. While many believed that the Balancer hacker had disappeared as he went silent for many months, his sudden appearance has sparked caution. The use of THORChain shows a calculated approach. This is because such platforms are often used to make transactions harder to trace. By breaking the funds into smaller transfers, the hacker can avoid detection while slowly converting Ethereum into Bitcoin. This indicates that the Balancer hack attacker is slowly working to launder his stolen funds. Why Bitcoin is the Preferred Choice? Bitcoin often becomes a choice in the course of money laundering operations. First of all, this may be explained by the asset’s high liquidity and its popularity among other coins. It also demonstrates the possibility of transferring and exchanging funds without additional effort within the framework of numerous crypto exchanges. In addition, the coin possesses considerable market depth, thus large sums of funds may be moved with ease. Despite the relatively low value of the sum, around $2.5 million, it indicates that the attacker has an option to operate the rest of the funds. The transfer is done repeatedly, which indicates that this operation becomes a regular procedure in managing the stolen funds. Therefore, the choice of BTC becomes quite understandable. By slowly converting assets into BTC, the hacker can spread out transactions over time. This can also reduce traceability and maintain flexibility in moving funds across platforms. Unveiling Possible Strategy Behind the Transfers In addition to his planned strategy, there may be other reasons for the latest ETH-BTC conversion. The recent transfers suggest that the Balancer hack attacker is testing how closely the wallet is being monitored. Small, controlled transactions can help gauge whether tracking systems or exchanges are actively flagging activity linked to the hack. Another possible reason is the exploiter’s portfolio reshaping. Instead of simply hiding funds, the attacker may be repositioning assets. If the goal is long-term holding, Bitcoin is acting here as the base asset. The Balancer hack attacker may also be coordinating with broader market conditions. Moving funds in phases allows the attacker to take advantage of liquidity windows and price stability.
