$BTC Bitcoin Drops Below $108,000 While Ethereum Gains Momentum - What's Next?

The cryptocurrency market is witnessing a dramatic shift, with Bitcoin dropping below $108,000 while Ethereum rises to $2,800. This divergence is driven by macroeconomic changes and increased flows into exchange-traded funds, indicating potential opportunities for traders.

Bitcoin Decline

Bitcoin's drop below the six-figure mark has raised concerns among investors. Rising bond yields and ongoing economic uncertainty seem to be pressuring its price. Moreover, a slowdown in institutional demand may contribute to the decline.

Ethereum Rise - Is It a Bullish Signal?

In contrast, Ethereum's increase suggests growing confidence in its ecosystem. The rising adoption of Ethereum-based exchange-traded funds and optimism regarding upcoming protocol updates are fueling this momentum. If this trend continues, Ethereum may test new resistance levels in the coming weeks.