Bitcoin has plunged 15% to $83,000, while Solana’s Total Value Locked (TVL) has dropped 40% amid an $800 billion market wipeout. Despite the downturn, Standard Chartered forecasts Bitcoin could reach $500,000 before the end of Trump’s term, citing potential regulatory changes and institutional acceptance as key factors.Ethereum has stabilized near $2,300 after a 20% sell-off, showing signs of recovery in derivatives markets. Meanwhile, Solana’s memecoin sector has significantly declined, with its market cap falling from $25 billion to $8.3 billion, as Hyperliquid emerges as a strong competitor in trading fees.
about Cryptocurrency Market Faces Major Downturn as Bitcoin and Solana PlummetArslan Butt
0 posts last weekEthereum price tests critical resistance as traders eye potential breakout
Ethereum (ETH) is currently trading at $3,610, showing a slight increase of 0.30% in the last 24 hours, with a trading volume of $15.62 billion. The cryptocurrency is testing a critical resistance level at $3,675, which could lead to potential price targets of $3,829 and $3,977 if breached. However, failure to surpass this resistance may result in a pullback towards support levels at $3,504 and $3,299, as the market sentiment remains cautiously optimistic with an RSI of 60.
about Ethereum price tests critical resistance as traders eye potential breakout