Bitcoin, after its recent triumphant march past $102,000, suddenly found itself on shaky ground, dropping to $101,938 – a 3.4% slide that sent ripples through the market.
The market-wide cooling saw altcoins taking significant hits. Solana dropped 2.6%, Dogecoin tumbled 5.2%, and some newer tokens like the Trump and Melania Coin experienced even more dramatic declines of 12% and 15% respectively.
The crypto rumor mill points to Trump’s conspicuous silence on Bitcoin as a potential trigger. Without his anticipated crypto-friendly statements, markets are feeling the uncertainty. Technical analysts are closely monitoring Bitcoin’s key price levels, with support currently around $101,300 and resistance near $106,700.
Even with today’s dip, the crypto market is showing resilience, with a total market value of roughly $3.52 trillion. Stablecoins are driving most of the action, making up more than 91% of the trading volume.
Seasoned traders are advising people to tread carefully. After such a big rally, some pullback is perfectly normal—it’s just part of the rollercoaster ride that comes with cryptocurrencies.
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