INSUBCONTINENT EXCLUSIVE:
CoinSwitch reported this development in their latest market analysis.The cryptocurrency market experienced a mixed performance, with major
assets showing minor corrections
cryptocurrency, showed stability with minor losses
It traded at $3,324.80, down 0.74% from the previous day
The altcoin market displayed varied results
XRP bucked the downward trend, gaining 1.21% to reach $2.35.Cardano faced a significant drop of 6.14%, trading at $0.9382
Institutional investors demonstrated continued interest in Bitcoin
They accumulated over 34,000 BTC at prices below $95,000 within the past 30 days.This accumulation occurred despite retail demand reaching
its lowest point in five years
The contrast between institutional and retail behavior highlights the divergent market perspectives.Bitcoin Plunges Nearly 6% Amid Economic
Data and Market Volatility
The TD Sequential indicator flashed a buy signal on the hourly chart near the 200-hour moving average at $97,000.However, a drop below this
level could push the price down to $92,000
Traders closely monitor these levels for potential entry or exit points
The recent price movement invalidated a potential bullish breakout pattern.Key Levels and Market SentimentBitcoin fell back below key
support levels, raising concerns among market participants
Some analysts suggest that Bitcoin needs to hold around $90,000 to avoid further decline
The release of the Federal Open Market Committee meeting minutes reinforced concerns about tighter monetary policies.These economic
pressures influenced market sentiment, leading to sustained selling across most digital assets
These include regulatory developments, institutional adoption, and macroeconomic conditions.Market participants eagerly anticipate potential
legislation focused on cryptocurrencies and the expansion of public equity markets in the crypto space
As the market navigates through this period of uncertainty, traders and investors remain vigilant.They closely monitor key support and
resistance levels, trading volumes, and institutional activity
The coming weeks may provide clearer direction for Bitcoin and the broader cryptocurrency market.
