Cryptocurrency market in 'red': Main news for the last 24 hours
Market under pressure. Global capital is flowing into safe assets due to geopolitics and changes in the US Federal Reserve leadership.
💰 Brief on assets:
BTC (Bitcoin): Fell below $86,000. Key support at $84,000. If we hold — we expect a rebound, if not — a possible move to $80k.
ETH (Ethereum): Trading around $2,850 (-6%). Ether shows weakness, but the SAFU fund from Binance, which is buying BTC, may indirectly support ETH.
USDT (Tether): Dominance is increasing. Traders are massively moving into stablecoins, waiting for the 'bottom'. The market capitalization of USDT is stable, which is important for market liquidity.
🛡️ What saves the situation?
Binance transfers $1 billion to Bitcoin for the SAFU fund. This is a powerful 'wall' of purchases that should stop the panic.
Summary: Now is the time for patience. The market is oversold, but for growth, BTC needs to consolidate above $91,000.
#bitcoin
