šØ MARKET ALERT: Crypto Crash Incoming?
Why is the crypto market bleeding, and will the bull run return?
The market took a hit on Saturday, May 17, as most altcoins gave back recent gains. The pullback follows a broader correctionātriggered primarily by Bitcoinās failure to break past the $105,000 resistance after previously soaring beyond $90K to $105.9K.
Altcoins, which typically follow Bitcoinās lead, are now slipping after a strong rally earlier this month. The momentum stalled when BTC couldnāt push through to a new all-time high.
Another key factor? Profit-taking. Many investors who rode the wave up are now locking in gains, turning previous winners into todayās biggest losers.
Will the bull run resume? That depends on Bitcoin's next move. Eyes are on the $105K levelābreak it, and the bulls might be back.
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