Crypto Market Crash: BTC, ETH, SOL Prices Plummet As Holders Shift To New Altcoin Minotaurus
The post Crypto Market Crash: BTC, ETH, SOL Prices Plummet As Holders Shift To New Altcoin Minotaurus appeared on BitcoinEthereumNews.com.
Crypto crash: BTC drops below 96K USDT, ETH hits 3.4K USDT. Minotaurus (MTAUR) presale crosses 931,868 USDT with 100K USDT incentives! The cryptocurrency market faced a sharp decline as major tokens like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) recorded notable price drops. Amid the sell-off, buyers are shifting their attention to emerging altcoins like Minotaurus (MTAUR), which has attracted significant interest due to its low entry price, structured incentives, and potential for rallying within the Web3 gaming space. Bitcoin Slips Below 96,000 USDT Amid Market Turbulence Bitcoin, the largest cryptocurrency by market cap, dropped below 96,000 USDT after reaching its recent peak of over 108,000 USDT. The decline came after the Federal Reserve’s announcement of a conservative approach to future interest rate cuts, which rattled financial markets. Over 661 million USDT worth of long positions were liquidated in the past 24 hours, with Bitcoin accounting for 110 million USDT of the total. Despite the downturn, Bitcoin remains a focal point for institutional buyers. The introduction of Bitcoin exchanged funds (ETFs) has added optimism to the market, with significant inflows supporting Bitcoin’s long-term outlook. Analysts expect the 100,000 USDT level to act as a key support zone, while resistance near 108,000 USDT may test Bitcoin’s recovery potential. Source X Ethereum Declines to 3,400 USDT as Bearish Pressure Mounts Ethereum experienced a sharp decline, falling to 3,400 USDT following its recent peak of 4,090 USDT. The downturn validated a bearish double-top pattern on Ethereum’s daily chart, signaling potential further losses if buyers fail to reclaim key resistance levels. Analysts noted that Ethereum could drop to 3,000 USDT before seeing a recovery Source X. Despite the market pullback, Ethereum continues to showcase strong network activity and institutional adoption. Over 54.7 million ETH are currently staked, supported by 206,000 unique stakers. Additionally, Ethereum…
Filed under: News - @ December 23, 2024 10:16 am