📉 Why did prices fall?
After a powerful weekly rally, investors began to take profits — this is a natural market reaction. Bitcoin couldn't hold above $106,000, which triggered a wave of selling and a drop in prices of major coins.
⚠️ Economic uncertainty
Investors are closely awaiting data on the Producer Price Index (PPI) from the US. Possible inflation increases are dampening risk appetite and could negatively impact the cryptocurrency market.
⚖️ Ripple and SEC lawsuit
Recently, the court dismissed a bid to conclude the long-standing dispute between Ripple and the SEC, leading to a drop of $XRP by more than 6% and adding uncertainty to the altcoin market.
💰 Current prices:
Bitcoin — around $103,000
Ethereum — around $2,500 💎
Despite today's correction, analysts maintain a long-term bullish outlook due to increasing interest in ETFs and other fundamental factors that could stimulate further market growth. 🚀
What to do?
😌 Do not panic during short-term dips
📰 Keep an eye on news and fundamental market events
📈 Remember that after corrections, new rallies and increases often follow.