In the past 24 hours, the crypto market experienced a sharp decline, with Bitcoin dropping 4% and Ethereum decreasing by 5.9%. Litecoin also suffered a significant hit, falling by 11%.
Still, it seems like the crypto market is in for a weather change. According to https://lykke.com/attmo/, a crypto AI forecasting tool, Bitcoin and Ethereum are expected to see a sunny outlook with bullish potential in the next 24 hours, while Cardano and Binance Coin may face some clouds with a market correction looming in the coming week.
The upcoming release of the first-quarter earnings report has investors on edge, as it could reveal whether the global economy is slowing down. If the report shows strong figures, central banks may increase their rates to curb inflation, which could have a negative impact on the crypto market.
Still, it seems like the crypto market is in for a weather change. According to https://lykke.com/attmo/, a crypto AI forecasting tool, Bitcoin and Ethereum are expected to see a sunny outlook with bullish potential in the next 24 hours, while Cardano and Binance Coin may face some clouds with a market correction looming in the coming week.
The upcoming release of the first-quarter earnings report has investors on edge, as it could reveal whether the global economy is slowing down. If the report shows strong figures, central banks may increase their rates to curb inflation, which could have a negative impact on the crypto market.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.