The cryptocurrency market capitalization fell to 3.23 trillion USD, reflecting a 2.8% decrease. Bitcoin (BTC) has dropped to 101,924 USD (-0.7%), while Ethereum (ETH) trades at 2,251 USD (-1%). Market dynamics show rising uncertainty among investors, leading to cautious trading strategies.
Dr. Sean Dawson, Head of Research at Derive.xyz, suggests that the current market instability, fueled by geopolitical pressures, has led to a significant drop in BTC’s likelihood of finishing above 200,000 USD by 2025, currently down to 3.5%. Investors are responding to volatility with more conservative positions.
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