Here’s a lowdown of the biggest events in the crypto world last week:
Bitcoin Falls Below $100K Again After Two Months 📉
Bitcoin falling below $100K wasn’t on many people’s bingo cards for last week 🫠. But honestly, it’s not that shocking considering the rising tensions between Iran and Israel. Things got even messier when the US (read Donald Trump 🙄) got involved. And just like that, BTC dipped under $100K for the first time since April, and the crypto market cap followed suit.
While the charts are red, the Bitcoin trading volume has been increasing, meaning traders are still buying in massively. The OGs know this is a good opportunity to stack up more BTC at a discount before it bounces back to over $100K 📈.
Altcoins Get the Bigger Blow 🥊
While Bitcoin slightly fell, altcoins had the biggest losses. The dip was so heavy, it dragged the entire crypto market down and crypto exchange-traded funds (ETFs) caught some strays 😬.
For context, the Ethereum (ETH) and Solana (SOL) prices have decreased by over 12% each, Cardano (ADA) is down by over 15%, Dogecoin (DOGE) has dipped by over 14%, and the list goes on. But the silver lining is that this might just be your moment to stack up on alts at discount prices and lock in those future gains ✨.
Crypto Traders Remain Bullish 🐂
The market may be down, but crypto traders? Still outside. Still buying 😤. Despite the red candles, trading volumes are going up.
The BTC, ETH, and Ripple’s XRP trading volume have increased by over 37%, 17%, and 65%, respectively in the last 24 hours. This means the slump is temporary, and many are betting big that a bounce is coming soon.
What’s the move here? Buy the dip and stack up those coins while they’re on sale 🛒. If history has taught us anything, it’s that the bounce always comes ⏳.
Disclaimer: This content may cause extreme FOMO (Fear of Missing Out). Side effects of investing include sudden wealth (or, you know, the opposite 😢).
Please do your own research (DYOR) or speak to your financial advisor before making any decisions.
