BTC under pressure, ETH at a low – Time for dip buying?
Here is my daily recap and outlook:
Recap for 04.05.2025:
Bitcoin (BTC) slipped below the $95,000 mark and closed at approximately $94,932, which corresponds to a decline of 1.37%. Ethereum (ETH) also remained under pressure, trading at around $1,813, a decrease of 1.70%. The total market capitalization slightly dropped to $2.97 trillion, a decline of 0.63%.
Outlook for 05.05.2025:
BTC fell below $94,000 in the early morning hours and is currently trading at about $93,950. ETH remains weak, possibly due to the activities of a long-time ETH whale who recently sold $29 million in ETH. However, some analysts see opportunities for a rebound at these lows.
Tip of the Day:
Keep an eye on altcoins like STPT, which gained 24% yesterday. Such outliers can offer interesting trading opportunities.
What is your strategy during falling prices – buy more or wait?
#Write2Earn #Bitcoin #Ethereum #Altcoins #BinanceSquare #CryptoTrading #BuyTheDip
