Coindesk

Good Morning, Asia. Here's what's making news in the markets:Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas.As Asia begins its trading day, bitcoin BTC is trading above $104,500 and, despite a possible looming war in the Middle East, has been relatively flat on the day with negligible market movement. Indeed, for the last full week, BTC is only down 2%, according to CoinDesk market data.Analysts are debating whether the crypto market’s current stillness is a sign of strength or if something more precarious is afoot.Three new reports this week from CryptoQuant, Glassnode, and trading...

The cryptocurrency market faces mounting pressure due to escalating tensions between Iran and Israel in the Middle East.NEAR Protocol has demonstrated remarkable resilience, climbing 4.5% with significant volume support around the $2.11-$2.12 range. This performance comes as traditional markets struggle to find direction amid conflicting economic signals.NEAR's strong performance coincides with heightened trading activity, particularly during peak hours when volume reached 5.14M units. The token continues to test resistance at $2.20, suggesting continued interest despite broader economic concerns.Technical AnalysisNEAR-USD experienced a significant bullish breakout, climbing from $2.124 to $2.170, with a notable 24-hour range of $0.095 (4.5%).A clear high-volume support zone formed around $2.110-$2.120, where buyers consistently stepped in, particularly during the 18:00-20:00 timeframe when volume peaked at 5.14M units.Key...

XRP is tightening its trading range near $2.15, signaling a potential breakout as majors remain rooted to the whims of macroeconomic tensions.The token's current price action reflects an extended accumulation phase, with technical indicators showing decreasing volatility and firm support around the 38.2% Fibonacci retracement level.News BackgroundXRP’s recent stability comes as broader economic forces loom large. Escalating trade tensions between major economies and diverging central bank policies continue to pressure risk assets, creating headwinds for crypto investors. Despite this, XRP has maintained a steady price floor following its explosive January rally to $3.39.Ripple’s legal standoff with the U.S. SEC remains a key wildcard. Settlement talks are reportedly ongoing, and speculation continues to build around a potential XRP spot ETF, with...

Tensions in the Middle East continue to shape cryptocurrency markets as ATOM demonstrates remarkable resilience in recent trading. The Cosmos ecosystem token recovered from a significant dip to $3.939, establishing crucial support around the $4.000 psychological level despite broader market uncertainty. Technical analysisATOM-USD demonstrated resilience over the 24-hour period, recovering from a significant dip to $3.939 at 17:00 on June 18 to establish a new support zone around $3.994-$4.000.The overall range of $0.121 (3.05%) reflects moderate volatility, with a notable bullish surge occurring at 20:00 when price jumped 2.16% on above-average volume, establishing resistance at $4.059.The $4.000 psychological level has emerged as a key support zone with multiple tests confirming buyer interest, while the 4-hour chart shows a developing ascending...

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 3001.7, up 0.8% (+23.65) since 4 p.m. ET on Wednesday.Seventeen of 20 assets are trading higher.Leaders: UNI (+4.3%) and POL (+2.8%).Laggards: AVAX (-1.9%) and DOT (-0.9%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link