Following the release of Producer Price Index (PPI) data, Bitcoin's price fell by nearly 5%. The article examines the causes of the decline and forecasts for the major cryptocurrencies ETH and APT Coin.
Bitcoin Decline
Bitcoin's price fell after reaching the $91,000 mark. This occurred shortly after the PPI data release, which was above expectations. Expert Daan Crypto Trades had warned about this movement, noting that the overall trend remains upward. "Bitcoin corrected by -5% yesterday, but the price movement was essentially still upward," he noted.
ETH Price Predictions
ETH's price dropped to $3,130, losing 4.4% for the day. An analyst known as Fella is confident that Ethereum will follow Bitcoin, reaching new record levels. "My targets for ETH in this bull run are around $7,500 – $8,500," he stated.
APT Coin Prospects
Investors are expecting APT Coin to demonstrate impressive growth similar to SUI. Altcoin Sherpa believes the current level around $10 for APT Coin is unreasonable and expects higher targets.
Cryptocurrency prices will be under pressure in the coming hours. If Bitcoin stabilizes around $90,000, it could create favorable conditions for altcoins to rise by the end of the week.
