Crypto Market Trembles: Bitcoin Drops Below $25K Impacting Altcoins

The downturn in Bitcoin continues unabated, with the leading cryptocurrency recently losing the critical $25,000 mark. This has spelled disaster for altcoins, with many threatening to hit their lowest levels in three years following the latest Bitcoin sell-off. With just three hours left to the daily close, Bitcoin buyers are struggling to return to the $25,000 level. Dogecoin (DOGE) Analysis The king of meme coins could be entering a new dip hunt as the sell-off accelerates. Bitcoin is currently below $24,900, and we could see sales continue down to $23,600. Dogecoin has been holding above $0.06 since June 11, but it’s now making closes below the 20-day EMA ($0.07), indicating that a new dip at the $0.05 level could soon occur. If Bitcoin plunges to $23,600 as feared, sellers could test the $0.05 support. Solana (SOL) Analysis Bulls failed to hold the price above $15.28, and with the recent drop, […] The post Crypto Market Trembles: Bitcoin Drops Below $25K Impacting Altcoins appeared first on COINTURK NEWS.