XRP and ether are leading losses in the crypto market as traders look to $70,000 bitcoin next. According to reporting from CoinDesk, bitcoin failed to hold $65,000 for a fourth day.
This development comes as an oil rally has revived inflation worries ahead of Wednesday's U.S. price data. As a result, bitcoin has struggled to maintain the $65,000 level.
Traders are now eyeing the $70,000 mark for bitcoin, despite current market challenges. The crypto market is closely watching the situation, with XRP and ether experiencing significant losses.