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Bitcoin and Ethereum Price Prediction as BTC Traders Target $30,000 Level and ETH Bounces From Support
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In the ever-dynamic world of cryptocurrency, Bitcoin (BTC) and Ethereum (ETH) continue to navigate through turbulent waters. As of recent developments, Bitcoin, the pioneer and most valued cryptocurrency, experienced a significant downturn, breaching the $40,000 mark and stirring market uncertainty.
This decline in Bitcoin’s value, partly attributed to the sales associated with the Grayscale GBTC Bitcoin ETF, has sparked concerns among traders about a possible further drop to the $38,000 level.
Concurrently, the global crypto market cap witnessed a 2.32% fall within 24 hours, settling at $1.54 trillion, underscoring the broader impact of Bitcoin’s fluctuation.
Bitcoin $BTC is back under $39K and now officially 20% off its recent high
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