Gold is about to break $5000, silver is approaching $100, and Bitcoin has struggled to break the $90,000 mark.
The crypto market has entered a consolidation phase, with Bitcoin hovering around $90,000. Spot Bitcoin ETF funds continue to flow out, indicating that investors remain cautious about crypto asset exposure, reflecting a reduced risk appetite amid uncertainty, and trimming high-beta asset allocations.
Although there is visible accumulation during dips, market confidence in an upward breakout remains insufficient. Meanwhile, Ethereum has weakened and retreated to the $2900 to $3000 range, performing behind Bitcoin. Analysts suggest shifting to more defensive, highly liquid assets. If Ethereum continues to fall below $2900, it could trigger further technical sell-offs.
Currently, traders are focusing on two key turning points: Bitcoin at $92,000—if broken, it may confirm upward momentum; Ethereum at $2900—considered a short-term support level, which could influence the broader altcoin trend.
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Gold is about to break $5000, silver is approaching $100, and Bitcoin has struggled to break the $90,000 mark.
The crypto market has entered a consolidation phase, with Bitcoin hovering around $90,000. Spot Bitcoin ETF funds continue to flow out, indicating that investors remain cautious about crypto asset exposure, reflecting a reduced risk appetite amid uncertainty, and trimming high-beta asset allocations.
Although there is visible accumulation during dips, market confidence in an upward breakout remains insufficient. Meanwhile, Ethereum has weakened and retreated to the $2900 to $3000 range, performing behind Bitcoin. Analysts suggest shifting to more defensive, highly liquid assets. If Ethereum continues to fall below $2900, it could trigger further technical sell-offs.
Currently, traders are focusing on two key turning points: Bitcoin at $92,000—if broken, it may confirm upward momentum; Ethereum at $2900—considered a short-term support level, which could influence the broader altcoin trend.