Ether (ETH) saw a 7% drop in the past 24 hours, continuing its decline in the crypto market. Bitcoin (BTC) also experienced a slight recovery but remained in a range of $89,000 to $82,500. Other major tokens, including XRP, BNB, ADA, and DOGE, saw losses as well. However, Litecoin's LTC and Aptos' APT were among the few tokens that saw gains. Traders are skeptical about a prolonged rally in LTC due to its lack of yield, utility, and organic demand. The losses in the crypto market mirrored those in U.S. equities, and market watchers are waiting for macroeconomic cues to determine the direction of the Bitcoin rally. Crypto-friendly policies and frameworks are expected to take time to materialize, and falling BTC volatility suggests speculators are becoming less optimistic about higher prices in the near term.



Other News from Today