Following the launch of Deepseek, the global market has experienced a significant pullback. Notably, the U.S. stock market and Crypto-verse experienced the highest losses, wiping out billions within hours. Despite the crypto market experiencing an overnight bounceback, marketers are concerned about another correction shortly.
Considering the present market sentiments, investors are curious with questions like “How low will BTC go?” and “Why is crypto market down today?” Moreover, will the top crypto token regain momentum or will the FOMO-like situation result in another crypto market crash? Find out now!
BTC Price Reclaims The $100k Mark!
The Bitcoin price today reclaimed the $100,000 mark with an intraday jump of 3.67%. On the other hand, the Bitcoin ETFs recorded the highest single-day outflow of $457.6 million yesterday. This highlights rising uncertainty for the BTC price this week.
The Moving Average Convergence Divergence (MACD) records a constant decline in the green histogram with its averages displaying a potential bearish convergence. Moreover, the SMA indicator experiences a negative crossover, suggesting a negative outlook.
If the bulls regain momentum, the price of Bitcoin could retest its resistance of $105,000. Maintaining a bullish sentiment could push the price toward the $108k mark. However, a bearish action could result in it retesting its low of $98,000 today.
To find out answers to questions like “How high can Bitcoin realistically go” Read CoinPedia’s Bitcoin Price Prediction!
Ethereum Price Successfully Retests Its Crucial Support Trendline!
The ETH price has added 3.86% in 24 hours with a trading volume of $33.557 billion, a change of +72.98%. Following this, the Ethereum token reclaimed its important resistance level of $3,200. However, it continues its struggle to regain momentum and break above the $3,500 mark.
The Relative Strength Index (RSI) constantly hovers around the neutral point. While the 50-day EMA acts as a resistance, the 200-day EMA displays strong support in the daily time frame. This highlights mixed price action for the largest altcoin in the coming time.
Maintaining the price above its $3,200 mark could set the price of Ethereum token to retest its $3,300 level in the upcoming hours. On the contrary, increased selling pressure could pull the price toward its low of $3,100.
Are you wondering if the ETH price will achieve a new ATH this year? Read Ethereum Price Prediction to explore the possible long-term possibilities!
Ripple Price Displays A Strong Bullish Reversal!
The XRP token recorded a 24-hour low of $2.73 following the Deepseek panic selling. However, the XRP price has recorded a strong bullish recovery by adding 6.38% in 24 hours with a trading volume of $15.143 billion. With this, it has reclaimed its $3 mark during the early Asian trading hours.
The Simple Moving Average (SMA) experiences a strong bearish curve in the daily time frame. Further, the MACD indicator displays a similar price action. This suggests that the XRP coin price may continue losing value this week.
If the bulls maintain the value above its important support level of $3, the Ripple price may retest its high of $3.30 today. On the contrary, rising uncertainty could pull the price toward its 24-hour low of $2.75.
Curious to find out the answer to questions like “Will XRP reach $50?” Explore the long-term possibilities with the latest XRP Price Prediction!
FAQs
With the BTC price successfully reclaiming the $100,000 level, the largest crypto token displays a positive long-term outlook.
Taking into consideration a potential altcoin season this year, the ETH coin price is a potential buy now.
If the bullish sentiment sustains, the Ripple price may hit a new ATH of $4 mark this year.
