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Analysts Say Volatility to Remain in Crypto Market as Uncertain Economic Conditions Continue

  • Glassnode reports Bitcoin has shown resilience with only a 28% correction from cycle highs compared to 50% drops in Ethereum and Solana.
  • The upcoming White House crypto summit focusing on reserve assets could trigger additional market volatility as traders await clarity on Bitcoin’s special status versus altcoins.
  • Analysts identify key price levels to monitor including the Short-Term Holder Cost-Basis at US$92k and a critical support zone at US$71k if market conditions deteriorate further.
  • “Violent volatility” will likely continue to shake investor confidence, according to a report by analysts at Glassnode.

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