Bitcoin, Ethereum Drop as Gold Reaches New Highs
Major cryptocurrencies fell on Tuesday while gold prices hit record highs during the government shutdown.
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The cryptocurrency market had a bad day on Tuesday. Bitcoin fell below $121,000 after a week of good prices. Ethereum dropped under $4,500.
Other coins like XRP and Solana also went down. Many traders lost $621 million in total. Trading was very busy - Bitcoin trading went up 15% and Ethereum went up 60%.
Most traders on Binance were negative about Bitcoin. The stock market also went down. Gold reached a new high of $4,000 per ounce.
Some experts think Ethereum might go up again soon, but others say the $4,000-$4,800 range is dangerous for Ethereum.
Original Article
benzinga.comhttps://www.benzinga.com/crypto/cryptocurrency/25/10/48091812/bitcoin-ethereum-xrp-dogecoin-snap-winning-run-analyst-sees-new-eth-highs-once-golds-insane