Bullish Outlook Remains: Americas Crypto Market Update

By Omkar Godbole (All times ET unless indicated otherwise) The cryptocurrency market is experiencing mixed sentiment, with some previously high-performing assets facing downward pressure, while major cryptocurrencies exhibit resilience. Notably, privacy-focused coins such as monero (XMR) and zcash (ZEC) have declined by over 4% in the last 24 hours, in contrast to the relatively stable trading seen in bitcoin (BTC), ether (ETH), XRP, solana (SOL), and other assets that have rebounded from late Sunday lows. The CoinDesk DeFi Select and Smart Contract Select Indices are demonstrating strength, with gains of approximately 5% and 4% respectively since early Asian trading hours, highlighting pockets of growth amidst broader caution. Zcash, which has surged over 500% since September, is now forming a bearish double top pattern (see the Technical Analysis section below). It remains to be seen whether a decline in ZEC will lead to a bounce in BTC and ETH, continuing the diverging trends with major assets. Analysts' optimistic views on institutional adoption and potential inflows that could significantly boost valuations continue to circulate, offering hope to battered BTC bulls. In other news, Arca's CIO Jeff Dorman has dismissed speculation about Strategy (MSTR) Executive Chairman Michael Saylor liquidating his BTC holdings, stating that Saylor's financial position would likely shield him from selling unless bitcoin's value collapsed drastically. Ryan Lee, chief analyst at Bitget, advises traders to monitor U.S. regulatory developments, particularly around exchange-traded funds (ETFs), stablecoin payment frameworks, and exchange oversight, as these could rapidly shift investor sentiment back to a risk-on stance. In traditional markets, Japanese longer-dated government bond yields have surged in response to reports that Prime Minister Sanae Takaichi's first stimulus package may include spending worth approximately 17 trillion yen ($110 billion). With Japan's debt-to-GDP ratio already among the highest globally at 240%, such a move could flood the market with bonds and push yields higher, increasing the risk of a fiscal crisis. For crypto traders, rising Japanese yields may pressure Treasury bonds, pushing yields higher and weighing on risk assets like tech stocks and digital currencies. Remain vigilant! Read more: For analysis of today's activity in altcoins and derivatives, see Crypto Markets Today. What to Watch For a more comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead". Token Events For a more comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead". Conferences For a more comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead". Market Movements Bitcoin Stats Technical Analysis Crypto Equities Crypto Treasury Companies ETF Flows Spot BTC ETFs Spot ETH ETFs Source: Farside Investors While You Were Sleeping