Crypto Market Update: Bitcoin Hovers Above $83,600 Amidst Altcoin Sluggishness
The cryptocurrency market is witnessing notable fluctuations, with Bitcoin (BTC) trading at $83,600, struggling to break key resistance levels. Meanwhile, altcoins like Dogecoin (DOGE), Shiba Inu (SHIB), and Solana (SOL) are seeing declines, reflecting broader market uncertainty. Analysts point to Federal Reserve policies, regulatory developments, and technical resistance levels as key factors influencing market sentiment. Will Bitcoin’s support at $80,000 hold, or is further downside expected? Read on for a comprehensive market analysis.