ADA, DOGE Lead Crypto Losses as BTC Traders Fear Pullback to $100K
Bitcoin
and ether (ETH) traders booked profits over the past 24 hours after the assets hit record highs, while macro headwinds and elevated leverage added pressure across major tokens.
Bitcoin fell back to $113,500, down more than 1.5% on the day. Some analysts warned of the fragility of the market structure, with bitcoin slipping below key trendlines that had supported its rally.
“Bitcoin fell to $114,700, rolling back to levels seen two weeks ago and below the medium-term trend line, which is a 50-day moving average. This dynamic reinforces fears of a deeper correction, which could affect the entire crypto market, potentially triggering a deeper correction to $100,000, near the 200-day MA,” said Alex Kuptsikevich, chief market…
