Why Is Crypto Going Down? Bitcoin, Ethereum, and Dogecoin Prices Pull Back After Hitting 3-Month Highs
Major
cryptocurrencies, including Bitcoin (BTC), Dogecoin (DOGE), Cardano (ADA), and
Solana (SOL), dropped more than 5% in the past 24 hours as traders moved to
secure gains following a robust week-long rally fueled by macroeconomic
optimism.
The broader
digital asset market, which had surged alongside global equities, showed signs
of a potential pause as investors reassessed positions ahead of key events,
including Coinbase’s inclusion in the S&P 500 on May 19.
Let’s check
why crypto is going down today, what the technical analysis show and the newest
crypto price predictions.
Bitcoin,
the largest cryptocurrency by market capitalization, fell 1.92% to $101,726.19,
hovering near the $105,000 level it briefly surpassed earlier this…
