🚀🌕 Hold onto your hats, Bitcoin enthusiasts! After a tumultuous 24 hours, the cryptocurrency market seems to be taking a breather. The bearish storm has paused, and we're seeing some consolidation.
💰 Bitcoin is trading around $61K this sunny Sunday morning, while Ethereum is now firmly below the pivotal $3K level. Is this the calm before another bull run? 🐂
Yesterday, Bitcoin's price took a bit of a tumble, dropping below $61K and losing around 3.5% in a single day. 😮 This was seemingly triggered by a statement from a US Federal Reserve representative, suggesting it may be too early to think about rate cuts.
But fear not, the market has since calmed down, and it seems the worst is behind us. 🌈 The bulls even attempted a recovery, but were halted at around $61.4K. Despite the recent declines, the Fear and Greed index is still pointing out that the market is in a state of "greed." 😏
Meanwhile, the altcoins are consolidating, with none of the major ones by total market capitalization recovering from the recent crash. Ethereum is now below the critical psychological level of $3K. Will the buyers be able to reclaim it soon? 🤔
Today's best performers are Immutable (IMX) – up 4.7%, and Ribbon Finance (RBN) – up 3.3%. On the flip side, Zebec Protocol (ZBC) – down 7.8%, and Kaspa (KAS) – down 4.8% are the worst performers.
Stay tuned, crypto fans! The market may be down, but it's far from out. 🚀🌕