Traders watch XRP, ETH, SOL and HYPE now that Bitcoin trades below $100K
Bitcoin fell below the $100,000 support, affecting major altcoins like ETH, XRP, SOL, and HYPE. This decline was influenced by geopolitical tensions, particularly the US strike on Iran's nuclear facilities. While Bitcoin's weakness has led to bearish trends among altcoins, analysts remain optimistic long-term. Bitcoin's price dipped below critical moving averages and could fall to $93,000 if the bearish trend continues. For Ether, selling pressure has pushed it near the $2,111 support, where a break could lead to further losses. XRP's value has also dropped, with critical support at $1.61. Solana is facing strong resistance, having completed a bearish pattern that could see it plunge to $93. Hyperliquid saw profit-taking after failing to maintain levels above $42.50. Traders are closely monitoring these developments to determine potential recovery or further declines in the crypto market.
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