Bitcoin and Altcoins Under Pressure as Market Correction Deepens
- Bitcoin lost the $95,000 price level and is trading at $93,600.
- Spot BTC ETFs have dominated this year among the 740 newly launched ETFs in the US.
- Altcoins XRP, ONDO, XLM, DOGE, and ADA crashed significantly in the past 24 hours.
The crypto market is experiencing widespread price declines, with Bitcoin and several leading altcoins under pressure. Bitcoin (BTC) is currently trading at $93,692.56, down 1.36% in the past 24 hours. The leading digital asset briefly surged to a daily high of $95,110 but failed to hold above this level, crashing to $92,881 before rebounding.
Despite this recent volatility, Bitcoin has shown significant gains this year, reaching all-time highs in both March and December when it broke above $100,000. This year also saw the launch of over 740 new ETFs, with spot Bitcoin ETFs dominating inflows. BlackRock and Fidelity’s spot BTC and ETH ETFs have recorded multi-billion dollar inflows.
Bitcoin’s Long-Term Outlook
A look a…
The post Bitcoin and Altcoins Under Pressure as Market Correction Deepens appeared first on Coin Edition.
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Bitcoin and Altcoins Under Pressure as Market Correction Deepens
- Bitcoin lost the $95,000 price level and is trading at $93,600.
- Spot BTC ETFs have dominated this year among the 740 newly launched ETFs in the US.
- Altcoins XRP, ONDO, XLM, DOGE, and ADA crashed significantly in the past 24 hours.
The crypto market is experiencing widespread price declines, with Bitcoin and several leading altcoins under pressure. Bitcoin (BTC) is currently trading at $93,692.56, down 1.36% in the past 24 hours. The leading digital asset briefly surged to a daily high of $95,110 but failed to hold above this level, crashing to $92,881 before rebounding.
Despite this recent volatility, Bitcoin has shown significant gains this year, reaching all-time highs in both March and December when it broke above $100,000. This year also saw the launch of over 740 new ETFs, with spot Bitcoin ETFs dominating inflows. BlackRock and Fidelity’s spot BTC and ETH ETFs have recorded multi-billion dollar inflows.
Bitcoin’s Long-Term Outlook
A look a…
The post Bitcoin and Altcoins Under Pressure as Market Correction Deepens appeared first on Coin Edition.
Read More
Dogecoin (DOGE) Price Prediction for May 8