Major Movers: Bitcoin (\text{BTC}) & Ethereum (\text{ETH})
Bitcoin (\text{BTC}): Recently dipped below the $100,000 psychological level for the first time in months, signaling weakening confidence. Some analysts note that this level acts as a key support, and a decisive break below it could accelerate a downtrend. Large outflows from spot Bitcoin ETFs have been noted recently, suggesting profit-taking or reduced institutional appetite. Ethereum (\text{ETH}): Altcoins, including Ether, have reportedly been hit harder in recent sell-offs, sometimes dropping 8\% or more. Technical indicators show a bearish momentum continuation in the short term for \text{ETH/USD}.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Major Movers: Bitcoin (\text{BTC}) & Ethereum (\text{ETH})
Bitcoin (\text{BTC}):
Recently dipped below the $100,000 psychological level for the first time in months, signaling weakening confidence.
Some analysts note that this level acts as a key support, and a decisive break below it could accelerate a downtrend.
Large outflows from spot Bitcoin ETFs have been noted recently, suggesting profit-taking or reduced institutional appetite.
Ethereum (\text{ETH}):
Altcoins, including Ether, have reportedly been hit harder in recent sell-offs, sometimes dropping 8\% or more.
Technical indicators show a bearish momentum continuation in the short term for \text{ETH/USD}.