The crypto market is facing a dip today amid rising global uncertainty and ongoing legal and regulatory challenges.
๐ช Major Coins Performance:
Bitcoin (BTC):
Trading at $105,286, down 3% in the last 24 hours.
BTC slipped below the $105K mark after briefly testing $108K.
Ethereum (ETH):
Priced at $2,618, with a 3.8% decline.
ETH continues to struggle near the $2.6K support zone.
BNB:
Trading at $668, down around 2.9%.
XRP:
Sitting at $2.19, falling over 4.4% as Rippleโs legal battle continues.
Cardano (ADA):
Down 6.8%, now priced at $0.701.
๐ก Total global crypto market cap has dropped to around $3.35 trillion.
๐งฉ Key Market Drivers:
Trade War Jitters:
Market reacts to global tariff uncertainty, particularly linked to recent policy signals from former U.S. President Donald Trump.
Ripple Legal Pressure:
XRP is under pressure as legal challenges mount, impacting investor confidence.
FTX Repayments:
FTX has started paying back creditors over $5 billion in stablecoins, shifting liquidity across the market.
๐ฎ Market Sentiment:
Despite the current dip, some analysts view this as a buying opportunity, particularly for long-term BTC holders. Investor sentiment remains cautious but hopeful for a recovery.
๐ Disclaimer: This update is for informational purposes only and not financial advice. Always do your own research before investing.
