Bitcoin is holding above $92,000, but spot ETF outflows and rising geopolitical tensions threaten to weaken the resistance. Will traders pile into the dip?
Bitcoin’s drop to $92,000 was a result of leverage being flushed out and overoptimistic investor sentiment being reset. The real key is whether bulls buy the dip.
Bitcoin and altcoins lost part of their recent gains after the US trade war with various European countries resumed, prompting some traders to reduce risk and watch from the sidelines.
XRP price plunged below $2 amid a market-wide sell-off as strong spot ETF inflows and a surge in XRP Ledger transactions failed to lift investor sentiment.
Despite Ether’s rejection from $3,400, data suggested that ETH price may see a sustained recovery over the next few weeks, as long as a key support level holds.