#1 out of 1
business28m ago
BTC, ETH, ADA, XRP Price Warning: Bitcoin Might Fall to $65,000, Spelling Doom For Alts
- Bitcoin briefly dipped below $83,000 on Monday due to thin liquidity and concerns over MSCI index changes.
- Market depth and order-book issues are cited as key reasons the drop could be amplified in the current environment.
- MSCI's pending exclusion decision on crypto-heavy firms could trigger forced sell‑offs and capital flows.
- Analysts warn that a break below roughly $80,500 could open the door to a deeper move toward $60,000–$65,000.
- Bitcoin bears could draw in institutional buyers if prices reach the $60k–$65k zone, according to some traders.
- Solana, XRP ETFs and other assets have seen inflows despite the broader price volatility in crypto markets.
- On-chain data indicate a drain of leverage, easing some risk but not enough to offset macro uncertainty.
- The article highlights potential shifts in institutional capital in response to MSCI decisions and price moves.
- The report notes Bitcoin’s price action occurred during Asian trading hours with involvement from market participants worldwide.
- Market participants see macro shocks and fragile market structure as drivers of recent crypto volatility.
- The piece mentions that Solana funds and XRP ETFs have experienced inflows amid ongoing crypto market volatility.
Vote 0
