Bitcoin spent much of the last 24 hours locked in a tight range ahead of the expected signing of the U.S.–Iran memorandum, oscillating mostly between $65,500–$65,750 despite a brief spike above $66,000. Leverage Liquidations Subside Bitcoin traded sideways on Wednesday as global markets awaited the formal signing of the U.S.-Iran memorandum of understanding on Friday.
In his liquid portfolio, Ricardo Salinas does not hold stocks. He does not hold bonds. The founder and president of Grupo Salinas told Coindesk's Jennifer Sanasie and Ollie Acuna that his liquid investment portfolio is now 80% bitcoin after he bought aggressively during the recent price dip.
XRP is trading at $1.21, slipping marginally after failing to hold above the critical $1.25 resistance level. That rejection created a lower high on the chart, reinforcing a bearish near-term structure that has frustrated bulls attempting to build momentum through the current range. Trading volume tells the same story. A 41.
Bitcoin bounced from just below $59,000 to $67,000 in the space of a week, Ethereum and Solana both surged 10% to 11% in a single session, and privacy tokens, AI tokens and several of the hottest narratives from earlier in the cycle are lighting up again.