Will Bitcoin And Altcoins Correct Further Amid Crashing US Dollar Liquidity?

Quick Summary:

Bitcoin and altcoins have witnessed sharp volatility after a heavy market crash earlier this week on fears of a Trump trade war.

Although BTC price made a quick recovery above $100K levels, the bulls couldn’t hold it for long, highlighting imminent weakness in the market.

Altcoins are also seeing strong selling pressure as Ethereum (ETH) moves to its support of $2,700, while the XRP price tanked 8% earlier today amid the XRP Ledger network downtime.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: IndiaJapan

Topics: Us dollar Altcoin correction Bitcoin (BTC) Price 24/7 Cryptocurrency News Altcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-05 @ 10:36:52 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 498 words

Reading Time: 3 minutes read

Sentences: 40 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 25907453

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Main Topics: Crypto

Official Website: coingape.com

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News Last Updated: 8 hours ago

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