CandleFocus Crypto Crash is HERE: Bitcoin, Ethereum and XRP take a Big Hit
2025-02-02
Author: Content Editor
The crypto market experienced a significant decline in the past 24 hours, with Bitcoin dropping below $100K and Ethereum falling below $3,000. Altcoins like XRP and Solana also suffered double-digit losses. The three main reasons behind this crash are Bitcoin's drop below $100K, profit-taking after recent rallies, and the correlation between crypto and traditional markets. The market could face more pain in the coming days if traditional markets continue to struggle. However, analysts remain optimistic about the long-term prospects of the crypto market, seeing this as a major correction before the next rally.
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