Cryptocurrency Price Analysis 6/25 - BTC, ETH, SOL
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Bitcoin Whale transactions fell from 17,091 to 9,921 in just two days. Despite this, some long-term traders see this dip as a buying opportunity. Metaplanet plans to issue 1 billion yen in bonds to purchase Bitcoin. BTC ended the week down 1.70%, closing at $63,170, and continued to drop to $58,474 on Monday before rebounding to $60,330.
Ethereum has been declining since it failed to break the $4,000 resistance on May 27, dropping over 10% in the past month. ETH fell below the 50-day SMA and the $3,500 mark, ending Sunday at $3,420.
SOL faced significant selling pressure last week but started this week positively. On Monday, bears tested the $130 support level. The question remains whether SOL can recover or be dragged down by Bitcoin's performance.
