Massive Sell-offs in Crypto: Bitcoin and Altcoins Face Critical Support

Bitcoin‘s plunge below $25,500 has led to severe losses in altcoins in just a few minutes. Fresh lows could be in sight. Today’s Fed announcements largely met expectations, but Powell’s hawkish remarks severely undermined investors’ risk appetite. The ongoing losses in the king cryptocurrency suggest that ETH and XRP Coin prices could drop even further. Ethereum Price Analysis ETH price has turned down from the moving averages, indicating sellers are offloading during mini-rallies. ETH is trading below $1,700 at the time of writing, and the minor support in the $1,600 region offers little reassurance. If this area also gives way, investors may witness a free fall to $1,352. Even more concerning is the potential for Bitcoin’s price to break below the $25,000 support. This repeatedly tested area is currently being defended by thin buyers at the time of writing. After testing below $25,100, the price has clawed its way […] The post Massive Sell-offs in Crypto: Bitcoin and Altcoins Face Critical Support appeared first on COINTURK NEWS.