#Market_Update
📉 Crypto Market Update today 🙂
Today’s crypto market is experiencing a modest pullback after recent highs. Bitcoin is trading around $118K, while Ethereum sits near $3,550. Most altcoins are down 1–4% across the board.
🔍 Why the Market Is Down:
Profit-Taking: After BTC’s surge near $120K, traders are locking in gains.
🛑 Liquidations: Over $800M in positions were liquidated in 24h, increasing sell pressure.
Regulatory Shift: The GENIUS Act was signed into U.S. law, adding stablecoin oversight. While a long-term positive, the market is adjusting to new rules.
Liquidity Tightening: Fed policies are draining market liquidity, pressuring risk assets.
🛑✅ Token Unlocks: New supply from major unlocks (e.g. TRUMP token) is weighing on prices.
💡 Outlook: Short-term consolidation is expected, but the long-term trend remains constructive as regulatory clarity improves. Key BTC support lies at $115K.
✅ Support levels:
Bitcoin: $117K–$115K
Ethereum: $3,500–$3,490
Holding above these zones is critical to avoid a deeper correction.
