Bitcoin bounces back to $112K mark, Ethereum nudges up
Bitcoin bounced back to $112,493 after slipping below $110K, while Ethereum nudged up to $4,118.
Still, the overall crypto market shrank a bit—down 1.2% to $3.83 trillion—showing that investors are treading carefully.
US-China trade tensions and interest rate cuts
Hints from US Fed Chair Jerome Powell about possible interest rate cuts and ongoing US-China trade tensions have investors on edge.
Analysts say Bitcoin's still facing bearish vibes, even with a brief move toward $113K, which some link to hopes for more quantitative easing.
Edul Patel from Mudrex suggests keeping an eye on any news regarding the US Strategic Bitcoin Reserve as the market reacts to global uncertainty.
Meanwhile, Solana managed a small gain (+0.79%), but coins like BNB and Dogecoin dropped over 3%, highlighting how mixed things are right now.