After having failed to resume an upward perspective on Friday in the Western financial markets, the cryptography market continued to record the lowering feeling on Saturday at the start of the Asian negotiation session. The total market capitalization of cryptography has dropped by almost 5% in the last 24 hours to oscillate approximately 2.813 billions of dollars when writing this article.
The price of Bitcoin (BTC) fell by approximately 3% in the last 24 hours to exchange around $ 83,719 on Saturday, during the start of London. Ethereum (ETH) The price fell 2.3% in the last 24 hours to negotiate at around $ 1,878 when writing this article. Meanwhile, the XRP price has lost more than 5% in the last 24 hours to negotiate at around $ 2.14.
Main reasons why the wider Altcoin market followed Bitcoin in correction
According to the analysis of chain data, the demand for cryptographic assets has decreased considerably in the past few days. For example, Bitcoin demand remains in contraction mode, even at a higher rate than what was experienced in December 2023.
The ALTCOIN GLOBAL CASSE AFFLUS led by Ethereum and XRP has decreased considerably in the recent past. The United States FNB Etther has been about to close the walking with the largest cash outing since August 2024, more than $ 400 million. Meanwhile, chain data shows that whale investors have increased their activity, perhaps fleeing to the gold and stable markets to protect capital.
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What to follow?
The Haussier market of the 2025 cryptocurrency is at a crucial time, which could either lead to a V recovery soon, or to an additional correction in the coming months. Before the implementation of the American tariff of April 2, the overall demand for cryptographic assets could remain weak, causing a feeling of additional drop.
According to market analyst Peter Brandt, Bitcoin Price has already confirmed a downward trend after closing less than a downward flag in recent days. In addition, Brandt estimated that the XRP price aims at $ 1.07, if buyers do not find $ 3 as a level of support.
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Faq
The cryptography market has crashed due to the reduction in investors’ demand, exit of ETFs, whale sales and concerns about the upcoming American prices.
According to the price forecast of Coinpedia BTC, 1 BTC could peak at $ 169,046 this year if the haus feeling suffered.
According to our prediction of the Ethereum 2025 prices, the price of the ETH could reach a maximum of $ 5,925.
The XRP price could reach a maximum of $ 5.81 by the end of 2025.
