๐จ Crypto Market Pullback: Bulls Lose Momentum as Volatility Strikes
The crypto market is facing a sharp pullback after recent bullish runs, with traders showing caution and locking in profits.
๐ Market Overview:
Bitcoin (BTC): Trading below major resistance, struggling to hold momentum.
Ethereum (ETH): Weakness from large wallet sell-offs and profit-taking.
Altcoins: Broad correction underway, with only a few tokens showing resilience.
๐ Whatโs Driving the Pullback?
Rising macroeconomic uncertainty and global rate concerns.
Heightened regulatory chatter in the U.S. and abroad.
Profit-taking after rapid gains in the last few weeks.
โ Outlook: Despite the current correction, long-term drivers โ such as institutional inflows, Layer-2 expansion, and stablecoin adoption โ continue to provide a foundation for future growth.