Why Is Crypto Crashing? Analyst Reveals What Comes Next for BTC and ETH — TradingView News
The crypto market entered the week with excitement, expecting rate cuts from the Federal Reserve to spark a rally. Instead, traders were left confused. Despite a rate cut and signs of quantitative tightening ending soon, Bitcoin and Ethereum both fell sharply.
This reaction surprised many. Historically, lower rates and easier liquidity boost risk assets like crypto. But this time, the market did not respond. Analysts say this unusual behavior shows a deeper technical setup rather than a fundamental shift.
Bitcoin Holds Key Levels
Bitcoin started the week trading near $115,000 but quickly lost momentum. Analyst DataDash said that once BTC gave up the $114,000 support level, a sharp drop followed. This pattern is often seen after major…
