Crypto News Today: Bitcoin Reclaims $63,800 as ISM PMI Hits a 4-Year High and Oil Crashes
Crypto news today is dominated by macro. The US ISM Manufacturing PMI came in at its strongest level in more than four years, oil crashed after Washington called off strikes on Iran, US equities opened sharply higher, and Bitcoin pushed back above $63,800. On the policy side, Bernstein published a note on what happens to crypto if the CLARITY Act dies in the Senate.
Here is everything moving the crypto market today.
Where is the crypto market today?
The market is broadly green, but this is a grind higher rather than a melt-up.
$Bitcoin trades around $63,780, up roughly 1.1% over 24 hours, after defending support near $62,500 over the weekend and reclaiming the $63,800 area during US hours. $Ethereum sits near $1,850, $XRP around $1.08 and Solana close to $73. $Cardano is the standout of the week, trading near $0.187 after a gain of more than 14%.
Two things are capping the move. Bitcoin is still trading below its 50-day, 100-day and 200-day EMAs at roughly $64,680, $67,200 and $73,000, so this remains a recovery inside a downtrend. And sentiment took a hit from the Coldcard hardware wallet exploit over the weekend, in which roughly 1,367 BTC was stolen, reopening the self-custody security debate.
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