Reported 1 day ago
Cryptocurrency markets, including Bitcoin, Ethereum, XRP, and Dogecoin, experienced a bearish trend on Tuesday as traders were concerned about potential profit-taking by large investors (whales). Data indicated significant trading activity, with Bitcoin and Ethereum transactions increasing by over 140%. While traders noted a pattern of Bitcoin typically rebounding after CPI data releases, some are cautious that any bounce-back may happen sooner than expected. Analysts are also observing relative strength in Ethereum and potential support for Dogecoin and Solana in the current market conditions.
Source: YAHOO