Crypto Crash: Bitcoin, Ethereum, Solana, Dogecoin, Ripple, Jupiter, Stacks Plummet!
The crypto market is in turmoil as Bitcoin, Ethereum, Solana, Dogecoin, Ripple, Jupiter, and Stacks all take a nosedive! 😱📉
Bitcoin, the flagship cryptocurrency, has dived back into the red as momentum stalled around the $99,000 price level and fell to a low of $95,891 before recovering and moving to its current level. The crypto market cap is down 1.50% and currently sits at $3.17 trillion. 😲
Meanwhile, major altcoins have registered considerable declines. Ethereum is down over 4% and is trading just above the $2,700 mark. Ripple has slipped below $2.50 and is trading at $2.30, while Solana is down nearly 5% and trading at $192, having fallen below $200. Dogecoin is down 4.67%, while Cardano is down over 5%. Chainlink, Tron, Stellar, Toncoin, Hedera, Litecoin, and Polkadot also registered substantial declines. 📉
But wait, there’s more! Bitcoin and Ethereum reserves have dropped drastically, as traders turn to self-custody of assets. Cboe has submitted four new applications to the United States Securities and Exchange Commission (SEC), seeking approval to list and trade spot XRP ETFs from WisdomTree, Bitwise, 21Shares, and Canary. 🤯
Donald Trump Jr. believes crypto will be at the center of American dominance, while the SEC’s lead prosecutor has been reassigned as a restructuring gathers pace. 🚀
So, what’s next for these cryptocurrencies? Analysts suggest that Bitcoin remains on track to reach $120,000 if historical patterns are followed. However, leverage trading remains Bitcoin’s greatest risk and could lead to a decline to $80,000. Ethereum is struggling to consolidate above $2,800, with the price down over 4% in the past 24 hours. If Ethereum slips below $2,700, it could decline to $2,500. A break below this level could spark a deeper correction that could take Ethereum to $2,000 or lower. Solana bulls are attempting to reclaim $200 and reverse a bearish trend that has seen the price drop from $260 to current levels. Dogecoin is down nearly 5% over the past 24 hours and almost 20% in the past seven days as it struggles to build momentum after a stunning post-election rally. Ripple is facing a downtrend after falling below its ascending trendline over the weekend. If XRP continues its decline, it could slip below $2, falling as low as $1.80 before recovering. Jupiter has been trading downwards after surging to $1.25 last week, while Stacks has been trading downwards since the beginning of December, going below key support levels and moving averages. 📉
In conclusion, the crypto market is in a state of chaos, with Bitcoin, Ethereum, Solana, Dogecoin, Ripple, Jupiter, and Stacks all experiencing significant declines. 😱 Will the market recover, or is this the beginning of a crypto winter? Only time will tell. ❄️
Read More
- Dragon Ball Z’s Spinoff Daima Is Officially Available In English, And I Think Fans Should Be Watching For One Major Reason
- SEC Refutes Ripple’s Argument to Reduce $2B Fine
- Gremlins 3 and The Goonies 2: Are They Too Scary for Kids Today?
- OHGEESY Announces ‘Paid N Full’ Album
- Top gainers and losers
- Zamna In Tulum Is Taking Your Festival Experience To The Next Level
- Anurag Kashyap’s heartfelt birthday wish for ‘now married’ daughter Aaliyah Kashyap is proof that he misses her
- I Watched The Original Wolf Man For The First Time, And I Have To Talk About One Thing I Was Not Over The Moon About
- PICS: Parineeti Chopra does ‘soul healing’ with hubby Raghav Chadha in the simplest way ever; says ‘December you really Decembered’
- I’m Adoring All The Love Demi Moore And Bruce Willis’ Daughters Are Sending The Actress After Her Golden Globes Win
2025-02-07 18:08