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Crypto feels heavy again this morning. The recent winners like memecoins are giving back hard, leading the move lower as Wall Street sentiment turns cautious ahead of Friday’s jobs data and the Supreme Court’s tariff ruling. Geopolitics didn’t help either, the U.S. seizing two Russian tankers and Trump doubling down on Greenland was enough to take the air out of the macro rally. Equities futures slipped off record highs and metals are cooling after a strong run.
BTC’s pullback tagged the 50 and 20-day MAs right where the 4H triangle breakout sits, a decent spot for intraday longs with targets near $93–94k. CVD and open interest have been ticking higher since the session low around $89.2k, showing some dip buyers stepping in.
The big story in alts is Zcash, down more than 17% after the entire Electric Coin Company dev team quit over a governance spat with the Bootstrap board. That kind of headline kills confidence fast, investors are reassessing project risk and future upgrades, and it’s showing up in price.
On the macro side, Treasury Secretary Scott Bessent pushed again for lower rates to support growth, but markets only see one or two cuts this year. The risk is reigniting inflation, but it could help a cooling jobs market. The VIX popped back near 15%, its highest since mid-December, as traders square up ahead of Friday’s NFP.
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