Filecoin

The crypto market has risen for a fourth consecutive day, but the rebound remains measured after last week’s losses. Bitcoin is holding near $84K as traders watch ETF outflows, key moving-average support and resistance near $87K.

The crypto market extended its recovery for a fourth consecutive day, but the rebound remains measured after last week’s losses. Bitcoin is holding near $84K as buyers defend a key moving average, while heavy ETF outflows add a layer of risk to sentiment.

The crypto market slipped by 0.7% to $2.91T as a stronger US dollar and pressure in debt markets weighed on digital assets. Bitcoin remains near the upper end of its recent range at $85.2K, but a move below $84K could raise the risk of a drop toward $80K.

Crypto markets pulled back after the CLARITY Act failed to advance in the US Senate, though selling pressure stopped short of a broader capitulation. Bitcoin formed a short-term downtrend while Zcash continued to outperform major traded tokens.

Filecoin jumped sharply as bearish leveraged positions were forced out during a fast-moving rally. The move came alongside renewed attention on AI infrastructure costs and a technical breakout setup watched by market participants.

Filecoin (FIL) gained 2% despite breaking key $2.63 support. Volume surged 78% as resistance at $2.93 capped gains. Analysts warn of potential downside toward $2.55.