Cryptocurrency markets are experiencing volatility amid potential US tariff announcements. Bitcoin's dominance is predicted to increase, impacting altcoins like Ethereum. Bitcoin dominance almost reached 63%, the highest level since March 2021. Ethereum is trading at $1,824.39, down 0.94% for the day. Some analysts suggest a possible drop to 0.00240 against Bitcoin. Despite this, others see Ethereum's current price near $1,900 as a buying opportunity, citing potential ETF approval in 2025. However, Ethereum must surpass $2,300 to confirm a bullish trend reversal. Market uncertainty and policy-driven volatility have led to increased crypto futures liquidations. The crypto market reacted negatively to news of new tariffs.
Bitcoin Dominance Rises Amid Market Uncertainty; Ethereum Faces Challenges
Edited by: Elena Weismann
Read more news on this topic:
Did you find an error or inaccuracy?
We will consider your comments as soon as possible.