In recent days, the cryptocurrency market has faced a sharp decline with significant losses for many digital assets. Attention is focused on the dynamics of Bitcoin and Ethereum, which have been influenced by multiple factors.
Current State of the Cryptocurrency Market
Bitcoin recently fell to $79,400, while Ethereum hit the $2,111 mark amid a continued price drop. ETF outflows and the hack on Bybit have exacerbated market instability.
Causes of the Decline and Their Market Impact
Tokocrypto analyst Fyqieh Fachrur notes that the price drop was influenced by macroeconomic factors such as high inflation in the US and recent tariff initiatives by Donald Trump. Further pressure was created by record outflows from crypto ETFs and the attack on Bybit, causing panic among investors.
Forecasts and Strategic Recommendations
Experts predict the possibility of further BTC price declines to $75,000 and ETH to $1,850. Investors are advised to closely monitor support levels and avoid high-risk leveraged trades. Long-term investors may consider a strategy of gradual asset accumulation at significant support levels.
The cryptocurrency market continues to be highly volatile. Investors should remain cautious, closely monitor economic news, and track digital currency price changes.
