Crypto Crash? Bitcoin And Ethereum Plunge Below Key Support Levels
Even as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) have experienced a significant price drop over the past 24 hours, a new report states both cryptocurrencies have fallen below critical support levels, potentially signaling a shift in market sentiment. According to 10x Research, Bitcoin has slid below its critical support level of $68,330, a move that has raised caution among traders and market watchers. This downturn comes amid stronger growth and inflation data, potentially impacting expectations for interest rate cuts, with cryptocurrencies possibly reacting more swiftly to these macr…