Heavy selling pushed XRP back below a key support zone, reinforcing a downtrend that has repeatedly stalled rallies near $1.25.

About 20% of miners are now unprofitable, and publicly traded miners sold more than 32,000 bitcoin in the first quarter to cover operating costs, more than they offloaded in all of 2025.

Bitcoin traders are scrambling to buy options bets that would pay off if the selloff deepens.

Crypto dropped across the board on Friday in holiday-thinned trading, giving back the week's gains. With oil down 9% and the Iran deal signed, the question turns to whether this cycle gets an altseason at all.