Tom Lee’s BitMine bought more Ethereum even as both ETH and BMNR plunged, underscoring investor jitters and market volatility as the firm accumulates amid falling prices.
Polymarket assigns a 71% probability that Bitcoin will fall to $80,000 by November, signaling growing bearish bets on prediction markets and increased short-term downside risk for BTC.
AAVE fell 3.5%, dragging the CoinDesk 20 lower as the index traded down amid cooling investor appetite and mixed signals. Traders pointed to profit-taking and sector rotation affecting prices.
DOGE fell 5% as technical signals show successive ‘lower highs,’ suggesting sustained bearish momentum. Analysts warn that without renewed buying pressure, further declines may follow.
Polkadot’s DOT has seen a significant decline of up to 5% after a failed breakout attempt, prompting increased selling pressure from investors. This downturn raises concerns about the asset’s recent upward momentum and reflects broader market volatility.
BNB has experienced a decline of nearly 2% as traders take profits following a recent rally. This pullback reflects cautious market sentiment amid broader crypto volatility, prompting investors to reassess their positions in light of potential fluctuations.
Solana (SOL) has seen a dramatic 50% decline from its all-time high due to increased market volatility, heightened competition from other blockchain platforms, and concerns over the sustainability of its rapid growth. Analysts urge caution amid these challenges.