🚀Hey BTC enthusiasts! The crypto market is in a bit of a tumble, shedding around $100 billion overnight with its total cap now around $2.35 trillion. 📉
Altcoins are feeling the heat, with Cardano (ADA) and Solana (SOL) charting considerable losses. SOL crashed by almost 6%, while ADA lost about 4.46%. With Solana dropping below $130, the question on everyone's mind is - will the bears target the coveted $100 level next? ADA continues its downward trend, with support currently positioned at around $0.35. 😰
But let's talk about our favorite, Bitcoin! BTC is performing slightly better than ADA and SOL, but it seems to be the main catalyst for the market downtrend. Currently trading at around $61,300, down 4.4% on the day, it looks like sellers are ready to test the pivotal level at $60K. 🎢
The reason behind this movement could be a recent announcement that the Mt. Gox trustee might start Bitcoin and Bitcoin Cash repayments as early as this July. So, keep your eyes peeled, folks! The crypto rollercoaster ride continues! 🎢🚀🌕