Uncertainty Rocks Market As ETH/BTC Drops To 6-Year Low, Where Is Bitcoin Headed Next?
Bitcoin continues to dominate the cryptocurrency market, with recent crashes negatively impacting altcoins, particularly Ethereum, which has reached seven-year low prices. Market sentiment has declined significantly, with Bitcoin trading between $72,000 and $84,000, according to Alex Guts, CEO of Banxe. Long-term prospects remain bullish due to increasing adoption and policy support. Despite the current downturn linked to Donald Trump's tariff policies, analysts suggest these actions could lead to a regulatory renaissance for crypto, potentially fostering future market growth. A Bitunix analyst predicts Bitcoin could rise to $117,000 after the market stabilizes. In contrast, Ethereum has fallen to 0.01889 BTC, indicating a complete retracement of gains from the past six years, with no immediate support in sight for recovery.
