Cryptocurrency market outlook: Pressure from macro and geopolitical risks
Today, the cryptocurrency market faces instability from macro and geopolitical factors. The total value of the industry has dropped to $3.2 trillion, reflecting a decrease of 1.10% in the last 24 hours. During the same period, the 24-hour trading volume surged over 42%, reaching $114.74 billion, indicating significant volatility and potential sell-off due to widespread panic sentiment. The Fear & Greed Index has maintained a level of 43, reflecting a neutral state. Increasing tensions in the Middle East and concerns about the potential revival of Trump's trade policy are causing turmoil for both traditional and digital investors.
Analysis of the impact on Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP)
Bitcoin (BTC) price prediction: Will it hold above $102,000?
Today's Bitcoin price is $103,491, down 0.94% in the last 24 hours. The daily low was $102,372, indicating the price is near major support. Trading volume increased 38% to $50.25 billion, showing quite active daily trading, but it cannot be confirmed as a buy signal.
Identify support levels and possible corrections
If BTC fails to hold the support level at $102,000, a decline deep into $100,000 or even $98,500 is inevitable. Conversely, if the market temporarily escapes pressure and BTC recovers above $105,000, the short-term recovery potential towards $107,000 - $108,000 is clear.
Long-term prediction
Are you interested in Bitcoin's year-end price target? Check out our BTC price predictions for 2025, 2026-2030!
Ethereum (ETH) price prediction: $2,400 or $2,300 first?
Ethereum is currently experiencing the heaviest impact in this decline, dropping 3.59% to $2,423.62. Daily trading volume of ETH plummeted over 76% to $21.59 billion, reflecting strong selling pressure. The daily low was $2,371, testing a critical demand zone.
Major support levels
If ETH breaks below $2,370, the next support levels are around $2,300 and $2,200. To begin a recovery phase, ETH needs to break above $2,500. If it rises above $2,570, it could eliminate short-term bearish setups and pave the way up to $2,650.
Advice for ETH hodlers
Holding ETH? Explore our Ethereum price predictions for 2025, 2026-2030 to make informed decisions!
Ripple (XRP) price prediction: Will it drop below $2?
XRP's price has decreased by 1.16% in 24 hours, to $2.12, with a daily low of $2.09. Although lower than ETH, trading volume increased by 45.9% to $2.49 billion. This indicates that large holders may be liquidating their positions.
Action scenario
In the event that downward pressure continues, XRP may test the $2.00 level, a crucial support. If broken, the next target is $1.90. Conversely, breaking above $2.18 could trigger a slight recovery to $2.30.
The future of XRP
Curious about XRP's profit prospects? Read our Ripple price predictions for 2025, 2026-2030 for updates!
Frequently Asked Questions (FAQs)
Why did Bitcoin's price drop today?
Bitcoin reacts to macro instability, including tensions in the Middle East and concerns about possible changes in Trump's trade policy.
Could Ethereum drop below $2,300?
With sharply declining volumes and the current downtrend, ETH could test the $2,300–$2,200 levels if the bulls do not intervene in time.
Will XRP continue to drop below $2?
If the downtrend continues, XRP may drop below $2, heading towards the next support level of $1.90.
Choose the right timing, continuously update the latest trends to maximize profit opportunities in this volatile cryptocurrency market.
Source: https://tintucbitcoin.com/tai-sao-bitcoin-ethereum-xrp-giam-manh/
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