The cryptocurrency market continues to feel the weight of macroeconomic and geopolitical risks. The overall decline in value to $3.2 trillion and the increase in trading volumes signal heightened volatility.
Overall Market Situation
Currently, the cryptocurrency market is valued at $3.2 trillion, marking a 1.10% decrease in the past 24 hours. Trading volume during this period surged over 42% to $114.74 billion. The Fear & Greed Index has shifted to a level of 43, reflecting a neutral market condition. Investors are concerned due to rising tensions in the Middle East and uncertainties surrounding potential restoration of Trump-era trade policies.
Bitcoin Predictions
The current price of Bitcoin is $103,491, down 0.94% in the past 24 hours. The daily low is recorded at $102,372, indicating a dangerous approach to key support levels. A 38% increase in trading volume to $50.25 billion suggests aggressive intraday trading. If BTC fails to maintain support at $102,000, a further decline toward $100,000 or even $98,500 is highly likely. Conversely, should the market find temporary relief, Bitcoin may recover to levels around $107,000–$108,000.
Ethereum and XRP Predictions
Ethereum has dropped 3.59% to a price of $2,423.62, with trading volume collapsing by over 76% to $21.59 billion. If it breaks below $2,370, the next key support is around $2,300. To initiate a recovery, ETH must climb back above $2,500. Meanwhile, XRP has slipped 1.16% to trade at $2.12, with the potential for a retest of the $2.00 support if bearish pressure continues.
The cryptocurrency market faces significant pressure from external factors. Bitcoin, Ethereum, and XRP find themselves in vulnerable positions, and their future movements will depend on the developments in both the economy and geopolitical dynamics.
