Crypto Markets Face Turbulence as EU Sanctions Loom
Main Idea
Cryptocurrency markets are experiencing turbulence due to potential EU sanctions and analyst predictions of significant price drops for Bitcoin and altcoins.
Key Points
1. Ethereum is struggling to maintain its position at $3,600, while Bitcoin stands at $117,800.
2. Analyst Altcoin Sherpa predicts that if Bitcoin retreats to around $116,000, altcoins could drop an additional 10-20%.
3. The possibility of Ethereum testing $3,400 and losing this support could worsen the market situation.
4. TraderLeevis warned of a decline for the DeFi altcoin AAVE, suggesting investors should heed bearish analyses during peak risk periods.
5. Bitcoin's corrections might heavily impact altcoins, unlike previous market corrections.
Description
Ethereum struggles at $3,600, Bitcoin stands at $117,800 amid EU sanctions concerns. Altcoins risk 10-20% decline if BTC retreats to around $116,000. Continue Reading: Crypto Markets Face Turbulence as EU Sanctions Loom The post Crypto Markets Face Turbulence as EU Sanctions Loom appeared first on COINTURK NEWS .
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