Bitcoin's price fell from $93,788 to $88,866, while Ethereum dropped from $3,168 to $2,893, reflecting a bearish market sentiment and heightened volatility. Altcoins followed suit, experiencing significant declines.
In the altcoin market, $DGRAM saw a dramatic fluctuation, initially surging to $0.0195 before plummeting to $0.0076. The price action highlighted a typical pattern of high-level sell-offs followed by rapid declines, returning to a consolidation phase. Key support levels were identified at $0.01 and $0.0076, with resistance at $0.0195.
Traders faced challenges as market dynamics shifted rapidly. One trader noted a missed opportunity to sell at $0.015 due to emotional decision-making, emphasizing the importance of sticking to pre-set plans and maintaining discipline in trading strategies.
Bitcoin and Ethereum Experience Sharp Declines Amid Market Volatility
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
