🧨 The market is on fire: What is happening?

The global financial market has just experienced a chaotic trading session as political tensions between President Donald Trump and Elon Musk escalate. Tesla's stock plummeted by 14% in just one day, wiping out over 152 billion USD in market capitalization, leading to a wave of panic spreading throughout Wall Street and the crypto market.

In the world of cryptocurrency, Bitcoin has dropped close to the 100,000 USD mark, while Ethereum is currently trading around 2,469 USD. Memecoins like $DOGE and $BONK have also sharply declined by more than 10%.

📉 But is there still hope for BTC and ETH?

Despite the overwhelming red, many positive signals are forming:

Bitcoin is testing an important support zone around 98,000–100,000 USD. This area has previously attracted significant capital from institutions.

Ethereum is holding up well around 2,460 USD – a strong support area since April 2025.

On-chain data indicates that many whale wallets are still actively accumulating during this correction.

History shows that political shocks usually only have a short-term impact before the market recovers.

🧭 Short-term strategy reference

Given the current situation, investors may consider a dollar-cost averaging (DCA) strategy at support price levels, while aiming to take profits around 5–10% and cutting losses if the price breaks strong support.

Note: This article is not investment advice. Please consider carefully and invest responsibly.

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