๐ฐ Crypto News & Market Update โ [Time UTC+6: 21:00]
๐ช Bitcoin (BTC):
Current Price: ~$110,558 (down ~2.2%)
24h Change: โ2.2%
๐ง Analysis: Bitcoin continues to struggle under mounting selling pressure as trade tensions and sentiment headwinds bite. Whales and long-term holders are offloading, eroding belief in the โUptoberโ rally thesis.
๐ Ethereum (ETH):
Current Price: ~$3,900 (approx)
24h Change: โ3.6%
๐ Analysis: Ethereum is seeing steeper losses relative to Bitcoin, reflecting weakness across DeFi and reduced demand. With ETH dipping below $4,000, investors are closely watching if buyers step in around key support.
๐ Market Overview:
Total Market Cap: ~$3.88 trillion (โ1.4% 24h)
24h Trading Volume: ~$194 billion
Market Trend: Bearish / Volatile
Highlights: 93 of the top 100 coins are in the red as markets rotate out of risk assets.
๐ Top Gainers (Last 24h):
1. TRAC +9.95%
2. FTT +6.52%
3. Concordium (among modest gainers)
๐ Top Losers (Last 24h):
1. Synthetix โ18.40%
2. Zora โ17.51%
3. Aethir (among top declines)
๐งฉ Crypto News Highlights:
โUptoberโ sentiment takes a hit as Bitcoin, Ethereum & XRP fall sharply amid renewed U.S.โChina trade tensions.
Long-term holders and whales are selling BTC, as profit-taking intensifies and the four-year cycle narrative weakens.
Crypto markets are testing their 3-month support levels amid volatility spikes.
Institutions are returning: BitMine added over 200,000 ETH (~$828M) and also boosted its BTC holdings.
๐ฎ Expert Outlook:
If BTC fails to hold support near $109,000โ$110,000, expect further downside toward $108,000; if it stabilizes, a retest of $113,000โ$115,000 could be in play.
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