The cryptocurrency market is experiencing a downturn, with Solana (SOL) trading at $128.5, down 3.1%. Despite Visa's USDC settlement on Solana, the price remains between support at $127.6 and resistance at $130.8. Ethereum (ETH) has dropped 6.4% to $2949, even after BitMine's $321 million purchase last week. Key support is at $2943, with resistance at $3009. Avalanche (AVAX) is down 7.3% to $12.22, with an AI studio's use of AVAX for IP tokenization providing minimal impact. The market is in extreme fear, with traders advised to wait for clear reversals or scalp small ranges.
Crypto Market Faces Downturn Amidst Strategic Moves by Visa and BitMine
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This content is for informational purposes only and does not constitute investment advice.
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