Bitcoin (BTC) started the new week with a decline and lost most of the gains made after the FED's interest rate cut last week.
At this point, BTC dropped below $89,000, drawing more attention to further declines in the market.
Ethereum (ETH), despite overall market caution, remained relatively resilient and defended its recent gains better than Bitcoin, supported by demand and low selling pressure.
Crypto analyst Ali Martinez, in his analysis, said, “Breaking the $89,000 level, the first support is at $86,000. If this level also breaks, a deeper correction could occur.”
Market maker Flowdesk,
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