Today’s crypto market dip is largely due to profit-taking after a strong rally driven by positive economic signals like low U.S. inflation and Chinese tech earnings. But investor caution is back ahead of the U.S. Producer Price Index release and a $3.1B options expiry.
Bitcoin(BTC) dropped 1.65%, now trading at $102,3098, struggling below key resistance at $105K. If it breaks support at $101K, it may slide toward $100K.
Ethereum (ETH) fell 2.44% to $2,556, with volume down sharply. Despite this, the bullish trend may resume if ETH holds above the 200-day EMA at $2,431.
XRP took the biggest hit, down 5.72% to $2.47. A break above $2.50 could push it toward $3, but losing the $2.20 support might deepen the fall.
In short: crypto is cooling off after a hot streak, with key levels to watch before the next big move.
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