📈 Market Movers & Key Drivers

Bitcoin (BTC)

Current price: ~$104,400, down ~3% today after an intraday high above $108,800 .

Risks: Traders warn of a potential “rug pull” near the $104K mark if bulls fail to defend the level .

Outlook: Technicals remain mixed: if it holds above $105K, bulls may push toward ~$110K (or even $112K); but a break under ~$104K could lead to steeper losses .

$BTC

Ethereum (ETH)

Price action: Down to ~$2,500–2,500, from a recent peak near $2,730 .

On‑chain indicators: Large wallet holders (1K–10K ETH) recently added $2.5 B) to their positions—suggesting confidence in long-term price potential .

$ETH

Altcoins & Market Sentiment

Overall trend: Crypto market cap has declined ~4–6% in the last 24 hrs, hovering around $3.3 T .

Gainers: Tokens like HYPE (+28%) and Solana/Eggerlayer continue to move higher .

Technicals: Bitcoin’s breakout past $106K may pave the way to a new all-time high (~$111‐112K), though altcoins remain rang-bound

**#Bitcoin manipulation fears**:

> “If price breaks below $105k, be prepared for a rug pull at $104k.”

— Material Indicators on X

Crypto market dip from inflation worries:

> “Crypto market dips 1.79% as inflation worries grow, Bitcoin ($BTC) and Ethereum ($ETH) fall…”

— Blockchain Reporter

Ethereum accumulation alert:

> “SharpLink just bought 176,271 ETH ($463M): now the largest public Ethereum holder.”

— CryptoQuant.com

Bullish moonshots:

> “#Bitcoin to $250k by year end and says there will be no need for the dollar…”

— CryptoBoomNews

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🔍 Summary & Near-Term Forecast

Asset Near-Term Outlook

Bitcoin Critical zone: $105K–$108K. Holding above supports bullish momentum; dropping below $104K may trigger a sharp pullback.

Ethereum Support at ~$2,500; accumulation by large holders is a positive signal, but lack of breakout above $2,730 suggests consolidation.

Altcoins Some like HYPE and SOL are rallying; most others remain flat as the market digests BTC/ETH moves.

Macro tailwinds like softening inflation and potential Fed rate cuts are helping buoy crypto. However, increased volatility means these gains are vulnerable to sudden reversals .

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🎯 What to Watch

BTC: Watch $104K–$105K support closely—if it breaks, deeper correction is likely.

ETH: Monitor large wallet activity and whether price holds near $2,500.

Altcoins: Funds like HYPE and Solana could lead rallies; broader altcoin resurgence may need confirmation from BTC/ETH stability.

#Bitcoin #Ethereum✅ #CryptoMarket #BTCPrice #CryptoNews

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