Crypto pauses for breath as Ethereum gains cool, Apecoin bucks the trend

Key takeaways:

• 🧠 Ethereum holds gains -  after Joseph Lubin news.
  
  
• 🐵 Apecoin jumps 12% overnight - bucking the cooling trend.
  
  
• 🌍 Global macro jitters linger - ahead of Friday’s US jobs report.
  
  
• 📊 Markets on pause - awaiting clearer crypto or economic catalysts.
  
  

The crypto market is idling in neutral this morning, with Bitcoin’s consolidation dragging altcoins into a holding pattern after a burst of upside earlier this week. Ethereum continues to show relative strength, up around 1.4% in the past 24 hours, helped by news that Ethereum co-founder Joseph Lubin will oversee the ETH treasury for Sharplink Gaming.

Still, the broader crypto market is showing signs of hesitation. Apecoin (APE) is the rare outlier, jumping more than 12% overnight. 

Eyes are now on Friday’s US nonfarm payrolls report, a key input into the Federal Reserve’s next move. Further out, Chinese inflation data on Monday and US CPI on Wednesday could add clarity to market direction.

Without a clear crypto-native catalyst on the near-term horizon, momentum may depend more on how macro winds blow than on blockchain headlines.

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In the markets… 

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🌍 Total crypto market cap ⬆️

The global cryptocurrency market capitalisation is approximately $3.31 trillion, reflecting a 0.72% increase over the last 24 hours. 

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🟠 Bitcoin (BTC) ⬆️

Price: Currently trading at around $105,405 marking a 0.14% increase in the last 24 hours.
Daily high: Approximately $106,807
Daily low: Approximately $104,982

📈 S&P 500 ⬆️

The S&P 500 index is up by about 0.58% since yesterday. 

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😐 Fear & Greed Index

The Crypto Fear & Greed Index currently stands at 58/100, indicating a neutral sentiment among investors.

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📊 Bitcoin Relative Strength Index (RSI) (14)

The RSI for Bitcoin is approximately 47, with 70 and above indicating an overbought position, while 30 and below indicates that the asset is oversold.

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Data is correct as at 08:10 GMT

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‍Post Script…

Richard Teng on X: "The tide has turned. The SEC’s case against us is dismissed - justice, finally. Huge credit to Chairman Atkins and the Trump administration for standing up to regulatory overreach. The U.S. is back in the arena, ready to lead the world in blockchain innovation." / X

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BitcoinOS on X: "Litecoin is coming home to Bitcoin. 🟠🤝⚪️ BOS is officially activating @CharmsDev and ZK rollups on @litecoin, bringing its magical, programmable tokens and *bridgeless* bridging to Bitcoin’s silver twin. The UTXO renaissance is real—and it's uniting the old guard. 🧵👇 https://t.co/copF0S10k0" / X

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Conor McGregor on X: "I want to build on the amazing feats president @nayibbukele has achieved in El Salvador. Germany dropped the ball - Ireland will not. Using crypto, I plan on establishing a decentralised blueprint for sovereignty. One that others can also adopt to reclaim their nations. I" / X

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KULA on X: "Most projects launch first and worry about regulations later. Kula did the opposite. We built with compliance from day one. Legal frameworks, KYC, AML, all baked in, because real assets require real structure. That’s what makes Kula different. https://t.co/r8uopFwqcx" / X

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Cautionary Notes

‍‍It's definitely tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, only invest what you can afford, and make good decisions. The indicators contained in this article will hopefully help in this. Remember though, the content of this article is for information purposes only and is not investment advice or any form of recommendation or invitation. The Digital Commonwealth always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.

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