Bitcoin, Ether, and Major Altcoins in Deep Red
Summary
Bitcoin, ether, Solana, and other major altcoins started the Asia trading day with losses. Bitcoin dropped as low as 5% to $41,300 before recovering to $42,000, while ether hit a low of $2,170 before rebounding to $2,239. Solana fell to $66 before climbing back to $70. The broader market saw a minor adjustment due to better-than-expected nonfarm payroll and lower unemployment, leading to liquidations of over $300 million in long positions. On-chain analyst Willy Woo predicts a potential correction in bitcoin prices down to $39,700, referring to the Bitcoin CME Gap.
