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dose Bitcoin get fall or rise 🤔
The crypto market is indeed experiencing significant downward pressure. According to the latest data, Bitcoin is currently trading at $103,951.20, down 0.77% in the last 24 hours, though it did drop to as low as $100,783 during today's trading session. This represents a continuation of the weekly decline you mentioned.
Ethereum has been hit harder, currently trading at $2,478.86, down 4.85% in the last 24 hours. This aligns with your observation of Ethereum tumbling to around $2,457, showing significant weakness compared to Bitcoin.
The broader crypto market capitalization has fallen from $4.1 trillion on June 5 to $3.29 trillion on June 6, representing a nearly 4% decline. This is slightly more severe than the 2% drop you mentioned.
This market downturn coincides with tensions between former President Trump and Elon Musk regarding the "One Big Beautiful Bill Act," which appears to be negatively impacting both Tesla shares and crypto investor sentiment.
Other major cryptocurrencies are also experiencing losses as part of this broader market correction. The current market sentiment appears to be cautious, with the Fear & Greed Index showing a score of 57 (Greed), suggesting that despite the recent pullback, there's still some optimism in the market.
Looking ahead, some analysts remain bullish for the longer term, with predictions suggesting Ethereum could potentially recover to the $2,800-$2,900 zone later this month if bullish momentum revives
