The crypto market faces a significant downturn as Bitcoin dips below $60,000, with Ethereum showing potential for a reversal. Meanwhile, Worldcoin and Bittensor hint at possible gains.
Key Insights:
The crypto market is experiencing a major decline, with Bitcoin falling below $60,000.
Heavy liquidations are occurring, with bears dominating the market.
Bitcoin risks further decline if it breaks the $56,552 support level.
Ethereum could see a trend reversal if bulls maintain the $3,231 support.
Worldcoin stands out with a 9% gain and potential for continued growth.
Bittensor ($TAO) shows signs of recovery, with shorter red candlesticks and a potential 50% upswing soon.