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The crypto market experienced a major sell-off lately. This sell-off affected heavyweights like Bitcoin, Ethereum, and Solana. On the other hand, a promising new coin is in the green region despite the bearish market. That new DeFi token is Pullix, a presale token that is forecasted to rise 100x upon launch.

Bitcoin (BTC) Price Stalls After Recent Losses

Bitcoin (BTC), the flagship cryptocurrency, suffered a major setback after the market witnessed a huge liquidation of $300m. While the Bitcoin price dropped, it remained above the crucial $40k support.

BTC would have to rise to hit the resistance at $44k to continue its price rally. However, that is unlikely considering the latest fed meeting.

According to CoinMarketCap, the Bitcoin price fluctuated between its 7-day high and low of $40,720.05 and $44,385.98, respectively. The token is down 5.1% on the weekly timeframe while up 13.8% on the monthly chart.

Ethereum (ETH) in a Bearish Wave, Says Analyst

Ethereum (ETH) was another token that had suffered a sharp decline during the crypto market sell-off. During this downtrend, the Ethereum price fell from $2,350 to $2,150. Sadly, while Bitcoin has recovered, ETH has continued to fall.

AlanSantana, a cryptocurrency trader and expert, has commented on the drop. The analyst indicated that the bearish wave was just beginning, but it was already taking place.” If the bearish trend continues, the Ethereum price might fall below $2,000.

Solana (SOL) Price Plunges As It Falls Below $70

The Ethereum killer, Solana (SOL), and one of the top-performing tokens of 2023, was not left out of the blood bath. The token fell from the $70 region but remained above the $65 mark. Unlike Bitcoin and Ethereum, the Solana coin is still green on the weekly chart, although its gains have dropped.

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Author: Crypto Daily

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