#CryptoNews
📉 $BTC is slipping around $64,000, oil is putting pressure on the market, and Zcash is preparing an upgrade
On Tuesday morning, the crypto market was greeted with a small pullback after an overnight local rally. The main thing for the day:
➡️ BTC stability: After a jump to $64,400, Bitcoin rolled back to $63,170 (still +6% for the week). The market easily absorbed a large sale from Strategy (3,588 BTC for $216 million), which is a good sign.
➡️ Altcoins are in the red: Ether ($ETH ) holds $1,770 (+11.6% for the week), XRP is trading at $1.13, and Solana is around $80.
➡️ Bottom-bottom signal: The cost of insurance against a downside (options skew) has soared to 2022 highs. Analysts say: when protection is so expensive, the worst is behind the price.
➡️ New threat to macro: A tanker was fired on in the Strait of Hormuz, causing Brent oil to jump to $72.45. Geopolitics may once again bring back the turbulence that weighed on crypto in the first half of the year.
🛡️ $ZEC announces Tachyon update
The project is preparing a large-scale upgrade that should solve three tasks:
1. Scaling: Speed up and reduce the cost of completely anonymous payments.
2. Quantum security: Protect the network from future quantum computers.
3. Sustainability: Test a new financing and project management model.
⚠️ Further movement depends on whether BTC can hold the base at $58,000–$60,000 against the background of new news from the Middle East.
📉 $BTC is slipping around $64,000, oil is putting pressure on the market, and Zcash is preparing an upgrade
On Tuesday morning, the crypto market was greeted with a small pullback after an overnight local rally. The main thing for the day:
➡️ BTC stability: After a jump to $64,400, Bitcoin rolled back to $63,170 (still +6% for the week). The market easily absorbed a large sale from Strategy (3,588 BTC for $216 million), which is a good sign.
➡️ Altcoins are in the red: Ether ($ETH ) holds $1,770 (+11.6% for the week), XRP is trading at $1.13, and Solana is around $80.
➡️ Bottom-bottom signal: The cost of insurance against a downside (options skew) has soared to 2022 highs. Analysts say: when protection is so expensive, the worst is behind the price.
➡️ New threat to macro: A tanker was fired on in the Strait of Hormuz, causing Brent oil to jump to $72.45. Geopolitics may once again bring back the turbulence that weighed on crypto in the first half of the year.
🛡️ $ZEC announces Tachyon update
The project is preparing a large-scale upgrade that should solve three tasks:
1. Scaling: Speed up and reduce the cost of completely anonymous payments.
2. Quantum security: Protect the network from future quantum computers.
3. Sustainability: Test a new financing and project management model.
⚠️ Further movement depends on whether BTC can hold the base at $58,000–$60,000 against the background of new news from the Middle East.