In the last 24 hours, the cryptocurrency market and Bitcoin prices have both fallen sharply, and the market is truly turbulent! The one that has dropped the most is 'Fartcoin', which plummeted by 19% in a day, leaving many people overwhelmed.
This wave of decline is mainly related to the upcoming release of the consumer price index (CPI) in the U.S. Investors are worried that once the inflation data is released, the market will become even more chaotic. Prices are fluctuating greatly in a short time, and everyone needs to be prepared and not get scared.
Let's talk about Bitcoin. Although its price has also dropped a bit, it remains relatively stable at around $118,900, and the strength index is still healthy. However, experts warn that if it falls below $117,000, buying pressure may shrink, and it could accidentally drop to $115,000, triggering a larger adjustment.
Looking back at Fartcoin, its price is currently at $0.87, which is close to the support level. If it can't hold, it may continue to drop to $0.80, but if it can hold on and break through $0.92, there might be a chance for a rebound.
In short, the market is currently very unstable. It's best for everyone to pay close attention to the U.S. CPI data, operate cautiously, and not be flustered by the market fluctuations.