Bitcoin remains below the $94,000 mark, encountering significant support and resistance levels as the cryptocurrency market enters a critical phase. Ethereum is testing a crucial support zone following a 35% decline, with retail interest showing signs of decline. Meanwhile, XRP is holding near $2.00, indicating a potential breakout driven by positive sentiment and improving technical indicators.
The Federal Reserve's recent 25-basis-point rate cut, along with an increase in the global M2 money supply, is beginning to shift trader focus. These macroeconomic factors are influencing market dynamics, as investors assess the impact on cryptocurrency valuations and potential opportunities for growth.
Bitcoin Stalls Below $94,000 Amid Market Uncertainty
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