The crypto market experienced a brief rally after the release of favorable U.S. inflation data, but the gains were short-lived. Bitcoin (BTC) is currently trading at $82,800, marking a 0.5% decrease over the past 24 hours. The CoinDesk 20 index, which tracks the top 20 cryptocurrencies excluding exchange coins, stablecoins, and memecoins, has fallen by 0.8% in the same timeframe. Ether (ETH) has been the weakest performer within the index, dropping 3.5% to approximately $1,880. The ETH/BTC ratio now stands at 0.022, a level last seen in April 2020 before the DeFi summer. Since its peak in November 2021, the ETH/BTC ratio has declined by a significant 67%.
Okenwa Crypto.
@OkenwaCrypto1
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18h I expect the market to dip like a 78% bull trap; if not, that means the market has corrected.This correction could signal a shift in investor sentiment, leading to increased volatility in the coming weeks.Many analysts are closely watching key support levels to gauge the
The Kobeissi Letter
@KobeissiLetter
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Mar 3 What is happening with crypto?Crypto markets are now worth -$100 billion LESS than they were prior to the US Crypto Reserve announcement.Over the last 24 hours, crypto has erased -$500 BILLION of market cap in a massive reversal.Here’s what you need to know.(a thread)
Crypto_the__Kid
@Crypto__the_Kid
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Mar 9 WHY THE DUMP???The crypto market has officially run dry of catalysts that are capable of shifting the trend back to the upside.Tradfi, being the biggest investors over the last 15 months, has lead to the crypto markets being closely tied to stock price. Uncertainty in the
Enoinel
@lenioneall
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Mar 11 1. We can try comparing this to the previous cycle. Obviously, no comparison guarantees the same outcome, but still, I wanna see how the market reacted during this kind of dump.Let’s start with $BTC and check out the local price action—there’s a lot to unpack here.First off,
Evan Luthra
@EvanLuthra
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Feb 3 Crypto market saw the most BRUTAL DUMP today.$2.3 BILLION wiped in just a few hours.Most people think it’s the END.But this is the best opportunity to buy your favorite coins cheaply.: List of 11 strong projects that are easy 3-10x from here
Blockchain Reporter
@blockchainrptr
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Mar 9 The crypto market has been plunged by 20%, dropping from $3.6T to $2.8T as trade war fears, inflation, and Fed policy uncertainty shake investors.
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