Bitcoin and Ethereum both hit 3-month lows as crypto markets undergo a significant reset. A mix of negative sentiment, economic concerns, and broader macro uncertainty has weighed on investors, leading to sharp declines.
Bitcoin tests key support amid macro headwinds. Is a rebound next?
Post-election highs give way to market recalibration amid meme coin mania and major hacks.
Over the past trading week, ETH gained more than 5%, despite a major hack on one of the world’s largest exchanges on Friday. The crypto industry responded with unity, as key players took action to manage the fallout.
As institutions double down on crypto, Bitcoin remains in a consolidation phase. XRP surged on ETF news and Grayscale filed for a Cardano ETF. Goldman Sachs invested billions in Bitcoin, and Abu Dhabi’s sovereign fund poured US$436M into BlackRock’s Bitcoin ETF.
BlackRock launches a European Bitcoin ETP as Litecoin rallies on ETF speculation. Institutional interest remains strong, while altcoins post mixed results amid market uncertainty.