The cryptocurrency market continues to show significant changes, with new price swings in Bitcoin, Ethereum, Dogecoin, and Floki Coin.
Current Bitcoin Market Situation
The price of Bitcoin (BTC) has reached $78,700 against a backdrop of significant declines in U.S. stock markets. Traders are concerned about a potential U.S. recession this year. The global trade war presents a threat to risk markets.
Ethereum Market Volatility
In the last 24 hours, there were $327 million in BTC liquidations and nearly $200 million in ETH. Short positions now prevail, with volumes escalating to $275 billion. ETH has dropped to $1,800, the lowest since November 2023. The breach of the $2,150 support level has clouded the market outlook.
Dogecoin and Floki Coin Price Fluctuations
Dogecoin (DOGE) is in a precarious zone, threatening a bullish breakout. If the bearish trend persists, DOGE might retreat to $0.125 and $0.107 levels. Floki Coin continues its decline, losing nearly 80% of its value over 108 days.
The cryptocurrency market remains under significant pressure. Close monitoring of price fluctuations and global economic factors is crucial for traders.
