Bitcoin dropped about 0.9% to land around $114,548 on Monday, but honestly, that’s not much of a move considering how crazy crypto can get. Ethereum took a bigger hit at $4,302, down nearly 4% for the day. Still, both coins are holding key levels that traders have been watching.
The whole weekend was pretty quiet for Bitcoin after it peaked near $118,000 last week. Now it’s camping out around $114,500, and that support level at $114,000 keeps holding every time sellers try to push it lower. If that breaks, though, things could get messy fast, with the next stop probably around $110,000.
Ethereum’s having a tougher time right now. It’s been sliding ever since it hit that $4,500 to $4,600 range, and now $4,159 is the line in the sand. What’s kind of encouraging, though, is that people have been pulling their ETH off exchanges, over 420,000 coins in just the past week. When folks move their crypto into cold storage, they’re usually not planning to dump it anytime soon.
Everyone’s got their eyes on Fed Chair Powell’s speech coming up this week, plus we’re getting GDP and inflation numbers. Those could really move the needle depending on what the data shows. Rate cuts have been keeping people optimistic about risk assets like crypto, but you never know how the market will actually react when the numbers hit.
Conclusion
Bitcoin and Ethereum are holding crucial support zones despite recent dips. With Powell’s speech and fresh economic data ahead, volatility looms—rate cut hopes may support crypto, but a break below key levels could trigger sharper declines.
Also Read: Bitcoin Holds at Critical Level
