Market News / Story
Bitcoin Plunges to $83,500, ETH, XRP Lose Over 3%: What Is Going On?
Benzinga ·
Benzinga reports: Bitcoin and Ethereum on Wednesday pulled back 2.5% and 4.5%, respectively, while XRP is down 3.5% to $1.44. The slide tests whether the market’s recent comeback can withstand profit-taking as traders watch key support levels. Prominent analyst CoinTraderNik said Bitcoin is nearing critical point that could determine whether the current decline remains consolidation or develops into a deeper correction. Futures traders are building shorts, but spot-market signals suggest…