#MarketPullback

The current market pullback is affecting major cryptocurrencies, with:

- *Bitcoin (BTC)*: Sliding below $94,000, currently trading at $94,684.39

- *Ethereum (ETH)*: Dipping under $1,800

- *Solana (SOL)*: Plunging past $145

This pullback is attributed to various factors, including:

- *Regulatory Uncertainty*: The US stablecoin bill's future is uncertain, with nine pro-crypto Democrats withdrawing support due to national security and anti-money laundering concerns.

- *Global Macroeconomic Pressure*: Economic uncertainty is contributing to market volatility.

- *Fear of Deeper Drawdowns*: Traders are cautious, fearing further market declines.

Some traders see this as an opportunity to buy the dip, citing:

- *Past Rebounds*: Similar pullbacks in 2023 led to 30%+ rebounds

- *Bullish Indicators*: BTC halving, ETF inflows, and institutional interest

Others remain cautious, pointing to unresolved regulatory tensions and global macroeconomic uncertainty ¹.