Crypto Market Drama: Dogecoin and Cardano Drop While Bitcoin Holds On

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What to know:

  • Profit-taking frenzy continues—cryptos are cashing out faster than a bazaar merchant before winter; Dogecoin and Cardano are leading the parade of the fallen. 😂
  • Bitcoin, the stoic old man of the crypto world, remains steady as ever; Tron, laughing in the background, is the only one smiling with a 1.9% boost.
  • The market’s in the greed zone, which is basically crypto’s version of a shopaholic’s brain—dangerous but exciting. Experts hint that Bitcoin may soon decide to dance upwards again.

Profit-taking has become the uninvited guest at the crypto feast, Thursday being no exception, as Dogecoin and ADA marched stoutly downward, while Bitcoin simply yawned and stayed put, as if contemplating life’s mysteries. 😊

XRP, Solana’s SOL, and BNB Chain’s BNB, with the enthusiasm of a tired clerk at closing time, lost about 1.5%. But not to be outdone, Tron’s TRX, like that cheerful fellow who always shows up to the party, rose by 1.9%. Perhaps it knows something we don’t—like the secret of everlasting optimism, or maybe just a good investor’s sense of humor.

“Recent macro and policy vagaries have thrown risk-on assets into a tizzy,” said Anna Liu, CEO of HashKey Tokenization, implying that the crypto market is as unpredictable as a cat on a hot tin roof. “Though volatility is the name of the game, we see Bitcoin as the long-term survivor—like the last slice of bread in the household.” She also dropped that institutional folks are still tentatively dipping their toes into crypto pools, despite the short-term splashes.

The sentiment gauge, the infamous crypto fear and greed index, hovers at 62—closer to greed, but with a cautious glance over the shoulder. It’s like a gambler eyeing the roulette wheel—excited, but wary.

Alex Kuptsikevich, the market analyst who sounds like he knows the secret handshake, suggests Bitcoin’s rebound from about $103,000 in late May may be just the beginning. “We might see prices flirt with $130K, or maybe just enjoy a good picnic,” he quips.

Meanwhile, Ether continues to wrestle with resistance at its 200-day moving average, clearly not ready to give up without a fight. Break through $2,700, and perhaps we will see a renewed wave of optimism—until then, it’s just a waiting game, or perhaps a game of patience, whichever you prefer.

CryptoQuant, the wise oracle of the crypto cosmos, warns that Bitcoin might take a quick tumble down to $96,700—like a cat falling gracefully, but with a lesson in humility.

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2025-06-05 09:11