Today, the crypto market demonstrates a 3% drop, leading to a decrease in capitalization to $3 trillion. Bitcoin has dropped to $103,000, and analysts warn of possible further declines.
Overview of Current Crypto Market Situation
Bitcoin has fallen by 1.1%, and major altcoins such as Ethereum, Solana, and XRP have also shown declines of up to 3%. Memecoins, like Dogecoin and Litecoin, continue to slide. Currently, the overall market capitalization stands at $3 trillion.
Experts' Predictions on Altcoin Decline
Analyst Crypto Capo warns that altcoins may drop by 50-70%, and Ethereum could potentially decline by 45-55%, reaching a price range of $1000-$1200. He notes key support levels for Bitcoin at $93,000 and $60K-$70K.
Potential Risks for Memecoins
Analysis shows that memecoins are on the brink of significant breakdowns. For instance, FARTCOIN may drop by 61% to $0.38, and potentially 82% to $0.17. RETARDIO is exhibiting weakness, while PEPE has triggered a bearish Head and Shoulders pattern, suggesting a 70% drop ahead.
The crypto market continues to face pressure, and expectations for declines in altcoins and memecoins are conceptually supported by expert opinions. Currently, there are no strong buy signals, and the market remains clouded with uncertainty.
