The fall of Bitcoin pulled down the entire cryptocurrency market. This is evidenced by data from the Coin Market, writes UNN.
Details
The world's largest cryptocurrency has already fallen to 9 91,665, while Ether showed a 5% drop and is now worth 3 3,301.
According to Crypto-news, Ethereum has been showing a sideways trend for several days, as its trading range is narrowing. Analysts ' opinions are divided: some predict a possible collapse by the end of 2024, while others expect positive dynamics. If the ABCDE model is confirmed, the price of Ethereum from 3 3,104 may rise to 3 3,500.
The trading volume of this cryptocurrency also decreased by 19.57% over the past day, which indicates a decline in online activity. Analysts suggest that in the event of a further correction, the price may first fall to 2 2,900 before resuming growth.
Recall
This morning, bitcoin fell by 4.31% to 9 93,909 after Trump announced the possible introduction of new trade tariffs against China. Most other cryptocurrencies also declined, with only Ethereum showing a slight increase.