CoinDesk
Bitcoin dropped to $75,498 during Asian hours Tuesday, widening a striking divergence from global equities that pushed the MSCI All Country World Index to a sixth consecutive record high. XRP, Ether, and Solana each fell as much as 1%, while Zcash tumbled 9% to $564 — the sharpest single-day move among the top 15. Hyperliquid bucked the trend, gaining 1.4% to $59.99.
The chart setup drawing the most attention is an impending golden cross in Bitcoin's moving averages. FXPro analyst Alex Kuptsikevich noted that BTC is finding support near its rising 50-day moving average while the 200-day briefly acted as resistance earlier in May. The two lines are on track to cross in coming weeks — a setup historically read as bullish — but a break of either level before the cross could set crypto's direction for the next several weeks.
Flow data complicates the picture. U.S.
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