Bitcoin (BTC) has experienced a
Bitcoin (BTC) has experienced a decline of around 8% for the week, yet there are indications of aggressive buying at the weekly lows. Analysts remain divided on the future direction, with some expecting further correction and others anticipating a resumption of the uptrend. Despite the recent rebound, the United States spot Bitcoin exchange-traded funds (ETFs) did not see significant inflows, showing signs of profit booking among traders.
Cryptocurrency market data indicates a
Cryptocurrency market data indicates a potential tug-of-war between bulls and bears near the $100,000 level in the coming days. If Bitcoin manages to stay above this mark, crypto sentiment is expected to improve, potentially pushing select altcoins higher. However, a failure to rise and maintain above $100,000 could lead to further selloffs in altcoins.
Looking ahead, the performance of the top five cryptocurrencies will be closely watched for potential outperformance in the near term.
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