The crypto world is currently in limbo. Everything about the community hangs from a tightrope, and anything can happen. Amidst such uncertainty, one small hope seems to have shown itself: crypto giants like BTC, ETH, and DOGE are stabilizing.
However, market experts suggest that a fiercer market correction could be on its way. Traders are still reeling from Trump’s Liberation Day announcement. As the market is closing its worst week of the year, BTC and some other tokens are holding on.
BTC, ETH & DOGE Stabilized
BTC traders have seen the token make some aggressive corrections in light of volatility. As of now, BTC is trading above the $80K mark, which shows some positive hikes from Monday’s flash crash out. As per Coin Glass, the long vs. short bets for BTC are 1.0076. Moreover, the 24-hour liquidation of the token has exceeded $95 million.
This is not just limited to BTC. In fact, ETH has also shown similar movements. ETH has already sunk below the $1,500 mark this week. At press time, the token is going for $1,551.74. Coinglass derivative data suggests that there has been a 1.35% decline in its OI or open interest. This suggests that most traders are simply on a ‘wait and see’ run.
Another coin that has seen volatility is DOGE. DOGE has already shown a decline of nearly 5% in the last seven days. DOGE is one of the largest meme coins that has become popular as one of the biggest blue-chip meme tokens. Still, the token faced severe price corrections that have put people on edge.
All in all, the market has been showing major upheavals that could start a new chapter altogether.
