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Plus: Trezor’s new wallet drops with a twist |
Today's charts look like something I might have to discuss with my therapist, ngl 🥲 👉 Bitcoin dropped to about $107K; 👉 Altcoins are seeing red; 👉 The total market cap fell from ~$3.8T to ~$3.6T. This downturn was triggered by the US dollar index increasing by 0.3%. When the dollar strengthens, investors often move money out of riskier assets like crypto, because safer investments (like bonds) start looking more appealing. Don't start panicking, though - this selloff looks more like a normal market correction than a disaster. Analyst Ted Pillows noted that Bitcoin is now near a major support zone between $107K and $108K. 👉 If that range holds, a bounce could follow; 👉 But if Bitcoin slips below it, we could see another move toward $100K in the coming days. Basically, markets are still standing strong, and this looks more like a breather than a breakdown.
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