Bitcoin (BTC) hovers around $63,000 at press time on Friday, as the broader crypto market maintains a risk-off sentiment. Rising against the tide, Cosmos (ATOM) and Pump.fun (PUMP) are leading gains over the last 24 hours, emerging as top performers.

CoinMarketCap’s Fear and Greed Index at 37 on Friday flattens below the neutral zone, indicating persistent mildly risk-averse conditions. 

Technical outlook: Will Bitcoin extend its losses?

Bitcoin trades around $63,556 at press time on Friday, maintaining a bearish near-term tone, capped below the 50-day Exponential Moving Average (EMA) at $64,488 and well below the 200-day EMA at $72,432. From a technical perspective, price has breached an…