Bitcoin Dips Further as Ethereum Falls Below $2,700
In Bitcoin’s case, its trading range has narrowed between $95,000 and $98,000, failing to break decisively beyond either level.
The cryptocurrency market remains trapped in uncertainty, with Bitcoin struggling to maintain its bullish structure and Ethereum attracting institutional interest.
The market has yet to establish a clear trend. Bitcoin (BTC) continues its pullback, trading around $94,637 according to Binance, while Ethereum (ETH) drops 4%, falling below $2,700 to $2,630.
Altcoins are showing even weaker performance. Assets like XRP, Binance Coin (BNB), Dogecoin (DOGE), Cardano (ADA), and Chainlink (LINK) have declined between 2% and 5% over the past 24 hours. Notably, Solana (SOL) stands out with a correction exceeding 8%. Despite these losses, some assets are attempting to stabilize in the early hours of the session.
Cryptocurrencies remain in a consolidation phase without a clear direction. In Bitcoin’s case, its trading range has narrowed between $95,000 and $98,000, failing to break decisively beyond either level. Meanwhile, the Crypto Fear and Greed Index suggests that investors are adopting a cautious stance, as macroeconomic conditions continue to weigh on market sentiment.
Macroeconomic Factors and Their Market Impact
Recent economic decisions in the United States have fueled uncertainty in financial markets. Stricter trade policies, combined with higher-than-expected inflation data, reinforce expectations that the Federal Reserve will maintain a more conservative stance on interest rate cuts.
On the international front, ongoing peace negotiations in Ukraine—led by the U.S. and Russia but excluding the European Union and Kyiv—have also drawn market attention.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Related Articles
Comments
Sidebar rates
Related Posts
Save
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals