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Crypto investors panicked: Big fall in altcoins!
Bitcoin**, which eased to the $3050 band with Ethereum**, sounded the alarm.
With a dip below $62,000, BTC continues to keep the cryptocurrency market on its toes. Negative statistics from the Spot ETF, the halving not having the expected effect and geopolitical problems shook BTC. The leader of cryptocurrencies, which does not paint a positive outlook for the moment, led to a huge sell-off in ETH? So, what factors should altcoin investors pay attention to in this process?
Ethereum (ETH), which could not exceed $ 3300, succumbed to the selling pressure and the pullback in BTC and approached the $ 3050 band. In particular, ETH, which has frustrated altcoin investors, may face sharper declines in a process from which the BTC cannot recover. The altcoin leader, which is trading at $3070 at the time of writing, may test $2750 – 2534 – 2308 and $2236, respectively, in case it does not get a reaction from $3000.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.