Markets likely to tumble as Solana price expected to touch $100 before March
The post Markets likely to tumble as Solana price expected to touch $100 before March appeared on BitcoinEthereumNews.com.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Leading altcoins tumble as Bitcoin faces a sell-off threat, with Solana nearing multi-month support at $120. The last few days have been nothing short of a nightmare, with most top altcoins tumbling to many weeks’ low. In the same light, the latest Bitcoin news speculates a major reversal coming to the crypto giant, which could shake the market. A major factor raising the panic is the speculations that the US government might be selling off thousands of BTC seized from the black market, which could see the Bitcoin price hitting a multi-month low. Due to the market reaction to the news, crypto investors have been liquidating their positions, causing a major sell-off. A look at the Solana price projected that the coin could hit its multi-month support around $120, which could see it fall more than 54% from its all-time high of November 2024. Here are some key factors to pay attention to from the circulating latest Bitcoin news. Could the current Bitcoin price be overpriced? While BTC’s $100,000 speculation is optimistic, divergent thoughts in the market believe the Bitcoin price could be overpriced and might trigger a sell-off. Fast-forward to December 2024, and BTC crossed $100,000. It rose from $52,598 in September to an ATH of $108,000 by December 2024 in a rally that saw it grow over 105% in four months. However, since crossing the ATH in December 2024, the Bitcoin price has struggled to keep up the momentum. It fell multiple times in December, trying to climb back up and extend the fall from the second week of January to a low of $89,398. This could validate the speculation of the sell-off following the $100,000 mark,…
Filed under: News - @ January 15, 2025 4:26 pm