{
  "id": 532541,
  "title": "XRP, ether lead crypto losses as traders eye $70,000 bitcoin next",
  "url": "https://urgent.news/2026/08/11/xrp-ether-lead-crypto-losses-as-traders-eye-70-000-bitcoin-next",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-11T04:50:23.000Z",
  "source": {
    "name": "CoinDesk",
    "slug": "coindesk",
    "url": "https://www.coindesk.com/markets/2026/08/11/xrp-ether-lead-crypto-losses-as-traders-eye-usd70-000-bitcoin-next"
  },
  "original_language": "en",
  "account": "Cryptocurrency markets saw a decline on Tuesday, with Bitcoin sliding near $64,000 and Ether dropping over 2% to $1,878. XRP experienced the steepest loss, falling almost 2% to $1.01, marking a worse week than any other major. Solana saw a slight decrease to $76, while Binance Coin (BNB) maintained a modest 2% weekly gain. Hyperliquid's HYPE rose almost 2% to $55, while Tron and Dogecoin saw slight increases.\n\nBitcoin has been attempting to break above $65,000 for four consecutive days without significant buying pressure. Analysts suggest that the absence of selling may indicate short positions being built up rather than profit-taking. This could lead to the next key level to watch at $70,000, another round number that lies near the 200-day moving average. Breaching this threshold could shift market sentiment significantly.\n\nCrypto sentiment remains in the fear zone, with the index at 30 since mid-July. Bonds and oil prices influenced broader market movements. U.S. 10-year Treasury yields rose six basis points to 4.71%, causing U.S. government bonds to decrease. Brent crude oil held steady at $87.73 after a 5% increase on Monday due to President Trump's renewed demands on Iran. Gold surged for the third day in a row above $4,400 an ounce, impacting asset classes that typically perform well during periods of rate hikes.\n\nFund flows in U.S. spot Bitcoin funds were positive through August 7, reaching $865 million before a minor outflow of $91 million on Monday. Zcash's Tachyon upgrade aims to enhance shielded payments, improve quantum resistance, and evaluate the platform's funding, security, and governance.",
  "summary": "Bitcoin failed to hold $65,000 for a fourth day as an oil rally revived inflation worries before Wednesday's U.S. price data.",
  "key_points": [
    "XRP drops almost 2% to $1.01, worst week among major cryptocurrencies",
    "Bitcoin near $64,000, struggling to break $65,000 barrier",
    "Analysts predict $70,000 level as next key market watch point"
  ],
  "editors_take": "The current market trends and analyst expectations suggest that breaching the $70,000 threshold for Bitcoin could significantly shift market sentiment, potentially changing the current fear zone sentiment.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}