Track current hot topics in the field of coins, use the best opportunities for deals. Today is Tuesday, February 4, 2025, I am Van Yi-bo! GM, coin friends ☀️ Fans, support 👍 Like and earn big money 🍗🍗🌹🌹

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This is an unexpected event in the cryptocurrency market that caused a catastrophic price drop. This explanation seems quite professional, but yesterday's minimum prices for Bitcoin were 91124.7 and for Ether - 2087, which means a drop of 31.86%. In reality, Bitcoin's drop was less than 10%, while Ether lost 30%. The entire altcoin market suffered almost a 45% loss, indicating a significant decline. The contract market became particularly vulnerable, with mass liquidation of broken positions. This clears the way for further growth of Ether and altcoins! The altcoin season has arrived, but it also means that many altcoins may fail. After each massive drop, a wave of major markets follows. Even the monthly chart of the overall market still indicates a positive trend, the strength, the bull is still here.
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Actually these are absolutely different things from what was happening in history, this time it can be said that it is an absolutely irresponsible person who did it, he rises, he falls, no need to detail, everyone in the cryptosphere knows, but sharp market declines are not uncommon, this can also be considered as filtering and cleansing of chips, but attention should be paid to the widespread fraud in altcoins, it is not worth touching types that have no story and are subject to excessive marketing, as already mentioned, many altcoins have been excessively advertised, perhaps even trapping you for three to five years, if you get caught, it may even go to zero, better keep an eye on bitcoin, ethereum and assets expecting approval of ETFs on physical goods!
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In the evening, Bitcoin/Ethereum is growing rapidly again, with significant growth. Bitcoin reaches a maximum of 102,500, and Ethereum reaches a maximum of 2,920. Recent candlestick prices fluctuate at a high level, with candles showing large upper and lower bodies, indicating significant market divergence. On the daily chart, there is a candle with a long lower body, indicating strong support from below. In the short term, there are still signs of rebound and correction. However, it is necessary to closely monitor the duration and strength of the rebound, especially when approaching the key resistance level of 103,500 (3000).