All articles tagged with #price dip
Bitcoin briefly fell below $100,000 following geopolitical tensions but quickly recovered, with experts like Arthur Hayes and others optimistic about its resilience and long-term prospects, while altcoins may start outperforming in the coming months amid macroeconomic stabilization.
WIF experienced a 24% price drop but is showing signs of recovery, with bullish long-term structure and potential buying opportunities for swing traders, especially if Bitcoin maintains its current levels. However, declining trading volume and short-term bearish signals suggest caution, and traders should watch for a reclaim of key moving averages for confirmation of upward movement.
Despite the successful launch of Bitcoin exchange-traded funds (ETFs), the crypto market has seen a significant downturn, with Bitcoin and Ethereum both experiencing notable losses. The initial ETF hype may have led to investors cashing out their gains, causing a dip in prices. Other cryptocurrencies like Solana and Avalanche have also suffered losses, while the entire market has dropped by 2.8% in the last 24 hours. The approval of spot BTC ETFs has sparked anticipation for spot ETH ETFs, but the U.S. Securities and Exchange Commission's decision to delay a ruling on Fidelity's proposed spot Ethereum ETF has contributed to a price dip in the asset.
Bitcoin and Ethereum experienced a 7% dip as the crypto markets cooled off after a two-month rally. Bitcoin is currently trading at $40,758, down 7% in the past day, while Ethereum is trading at $2,185, also down 7%. The global crypto market capitalization sits at $1.6 trillion, down 6% since yesterday. Altcoins such as ORDI and Pepecoin have seen significant losses, while Solana and Avalanche have attracted institutional investors. Binance USD (BUSD) temporarily lost its peg, dropping to $0.97, and most BUSD margin trading and futures contracts were closed.