Crypto decline amid weak sentiments on Wall Street ๐
Bitcoin briefly dipped below $100,000 yesterday, and today it pulled back from around $104,000 to just under $101,000. This move has reignited concerns that the $92,000 area (an unfilled CME gap) could be tested before the market attempts another rebound. Beyond Bitcoin, Ripple, Cardano, and Ethereum are also struggling, though BTC remains the key benchmark for the broader crypto market.
- The so-called CME gap refers to a price difference that forms on Bitcoin futures traded at the Chicago Mercantile Exchange (CME) over the weekend when trading is paused. Traders often expect the price to โfillโ this gap once markets reopen.
- The $92,000 level has served as strong support before โ in April 2025, Bitcoinโs…
