The post Will Bitcoin Price Hold $25k Amid Incoming Mild Recession? Here’s a Close Look appeared first on Coinpedia Fintech News
The crypto market has been on a rollercoaster ride lately, and last week was no exception. Bitcoin and Ethereum both suffered significant losses, dropping by 9.8% and 13.1% respectively. As of mid-morning during the London trading session, Bitcoin and Ethereum were hovering around $27.3k and $1,842, causing concern for investors.
Adding to the uncertainty, Bitcoin’s dominance is slipping even further with the emergence of highly volatile meme coins, like $PEPE. With altcoins accounting for almost half of the entire crypto market cap, this shift in cash flow from Bitcoin to altcoins could worsen the ongoing correction and lead to even lower prices.
Related: Crypto Whales Make Millions Profit Through These New Meme Coins: $PEPE, $WOJAK, $AIDOGE – Coinpedia Fintech News
Keep reading to learn more!
Bitcoin Price Analysis
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