Bitcoin and Ethereum Under Pressure: Crypto Market Hits Two-Month Low
The crypto market is facing pressure again.
According to a Reuters report on November 8, Bitcoin briefly fell to around US$73,708, while Ethereum dropped to around US$2,223. Both hit their lowest levels in more than two months.
Several factors are drawing market attention:
- Regulatory uncertainty following the results of the U.S. midterm elections.
- Concerns about the direction of political policy and the crypto industry.
- Sentiment pressure following security concerns in the exchange industry.
Binance snapshot, November 9 around 06:00 WIB:
- BTC/USDT: US$74,799 (-1.26% in 24 hours).
- ETH/USDT: US$2,140.97 (-4.17% in 24 hours).
- Fear & Greed Index: 28 — Fear.
Analysis:
ETH's larger decline compared with BTC shows that pressure is not always evenly distributed across all crypto assets.
In conditions like these, don't just look for coins that seem cheap. Pay attention to liquidity, volatility, and the risk of further declines.
Question:
Do you see this drop as an opportunity to accumulate gradually, or would you rather wait for the market to stabilize?
#Bitcoin #Ethereum #CryptoMarket #BTC #ETH #MarketUpdate
The crypto market is facing pressure again.
According to a Reuters report on November 8, Bitcoin briefly fell to around US$73,708, while Ethereum dropped to around US$2,223. Both hit their lowest levels in more than two months.
Several factors are drawing market attention:
- Regulatory uncertainty following the results of the U.S. midterm elections.
- Concerns about the direction of political policy and the crypto industry.
- Sentiment pressure following security concerns in the exchange industry.
Binance snapshot, November 9 around 06:00 WIB:
- BTC/USDT: US$74,799 (-1.26% in 24 hours).
- ETH/USDT: US$2,140.97 (-4.17% in 24 hours).
- Fear & Greed Index: 28 — Fear.
Analysis:
ETH's larger decline compared with BTC shows that pressure is not always evenly distributed across all crypto assets.
In conditions like these, don't just look for coins that seem cheap. Pay attention to liquidity, volatility, and the risk of further declines.
Question:
Do you see this drop as an opportunity to accumulate gradually, or would you rather wait for the market to stabilize?
#Bitcoin #Ethereum #CryptoMarket #BTC #ETH #MarketUpdate