The crypto market has been on a wild ride this week! Bitcoin surged toward $100,000 after the Bybit hack but quickly pulled back. However, BTC rebounded with a $7,000 recovery from its $78,000 low and is now stabilizing around $85,000.
Altcoins are also gaining momentum! Ethereum is up 5% above $2,200, while BNB has climbed 4%, approaching $600. Ripple defended the $2 level and surged to $2.17 with an 8% gain. SOL, DOGE, ADA, and others are also showing strong gains! 🎉
What are your thoughts on the market? Drop your opinions in the comments! 💬
A whale just sold 96,155 $SOL, cashing out $4.5 million. However, they originally bought at an average price of $100 a year ago and had the chance to sell at $250 not long ago. Even whales are starting to panic and sell near the lows.
Will we drop even further? I don’t think so. As mentioned earlier, we’re approaching a major support zone around $87K for BTC. While a drop to $71K is possible—especially with Trump seemingly doing everything to shake the markets—there’s still hope. Most whales and institutions continue to accumulate, despite occasional large dumps.
For instance, today alone, they purchased 8K BTC, 40.6K ETH, and made numerous smaller altcoin buys. So, what’s next? Where do you think we’re headed? $BTC $ETH