🚨 Crypto markets are down 2% due to a significant ether (ETH) sale by the Ethereum Foundation and the ongoing Hamas-Israel conflict. Bitcoin (BTC), on the other hand, seems more stable than other tokens and is trading above the $27,500 support level with a 1% loss. 📉
FxPro analysts expect Bitcoin to break the $28,000 level, in which case it could quickly rise to $29,500.
On the other hand, the Ethereum Foundation sold $2.7 million worth of ether on Monday, sparking concerns in the ETH market, and ether bulls lost over $30 million on Monday.
Other cryptocurrencies also experienced declines: Solana's SOL tokens fell 5%, XRP fell 3.7%, and Cardano's ADA fell 3.4%. CoinDesk Market Index (CMI) fell 1.9%.
Do you think Bitcoin will be able to break the $28,000 level? We are waiting your comments! 💬