2024-11-01 03:36:04

#Happy 16th Bitcoin Whitepaper Day - Share Your BTC Story

**Market Update: Significant Declines Across Major Indices and Cryptocurrencies**

Overnight, the three major U.S. stock indexes experienced sharp declines, with the Dow falling 0.9%, the Nasdaq down 2.76%, and the S&P 500 decreasing by 1.86%. Tech giants were particularly impacted, with Microsoft and Meta dropping over 6% and 4%, respectively. The cryptocurrency market mirrored these trends, as Bitcoin briefly dipped below $70,000, testing support around $69,660, while Ethereum fell from $2,721 to around $2,500.

As we begin a new month, market corrections are expected due to profit-taking and heightened emotions following recent highs in both the Nasdaq and gold. Analysts suggest that Bitcoin may rebound to test levels between $72,000 and $73,500, despite the current pullback. In the case of Ethereum, a bearish trend has emerged after breaking key support levels, indicating potential further declines unless it stabilizes above $2,550.

BTC1,17%

MAJOR-0,17%

ETH2,78%

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