Market Disease:
Bitcoin (BTC): Down by 4.05% in the past 24 hours, reaching $87,868. It recorded a low of $84,971 and a high of $92,793.
Ethereum (ETH): Decreased by 4.78%, currently trading at $2,171.27. It ranged between $2,102.85 and $2,318.02 throughout the day.
Ripple (XRP): Down by 1.98%, currently valued at $2.47.
Market News:
Outflows from Bitcoin and Ethereum funds: US spot Bitcoin ETFs saw net outflows for the third consecutive day, indicating ongoing selling pressure.
Criticism of Government Bitcoin Selling Policy: Tech investor David Sacks criticized the US government's strategy of selling seized Bitcoin, pointing to billions in losses resulting from this policy.
Bitcoin Rises After Tariff Delay: Bitcoin surpassed $92,000 following President Trump's decision to delay the implementation of tariffs on Canada and Mexico, providing a positive boost to the market.
Increased Adoption of Digital Currencies: A recent study revealed that one in ten people currently own digital currencies, with Bitcoin continuing to lead as the most popular digital asset.
Forecast for Cardano (ADA) Rise: Technical analysis suggests a potential 125% increase in Cardano's price, especially with the announcement of a crypto reserve plan.
Notes:
The market shows ongoing volatility, with news and global developments impacting digital currency prices. Investors are advised to stay updated and make informed decisions based on technical and fundamental analyses.