Effect Network USD Price & Performance (EFXUSD)

Bitcoin's recent performance remains under pressure as the cryptocurrency struggles to break past the $85,000 resistance level. Despite a brief rally above its 200-day moving average, a subsequent pullback has highlighted continued bearish momentum. Key technical indicators suggest that Bitcoin must surpass $90,000 to signal a structural shift in trend.1

The euro has seen its first weekly decline this month, dropping 0.2% to $1.0834, as investors took profits and concerns over U.S. tariffs loomed. Meanwhile, the dollar gained modestly, buoyed by the Federal Reserve's cautious stance on rate cuts and geopolitical uncertainties influencing market sentiment.2

Gold prices remain close to their recent record of $3,034 per ounce, with traders showing caution amidst economic uncertainties. While momentum has slowed, the precious metal continues to benefit from its dual appeal as both a safe-haven and risk asset in a volatile market environment.3