As of the article’s publication, Bitcoin $94,032 is priced at $94,400, while many cryptocurrencies continue to trend downward. This persistent negativity in altcoins has been exacerbated by today’s drop in BTC ($94,485.91). Notably, Trump announced progress in resolving the Ukraine conflict, and Macron has been persuaded to support this. Furthermore, the EU is prepared to take on over $100 billion in payments from the U.S. Despite these positive developments, altcoins remain in the red.
Chiliz (CHZ) has seen its price fall to as low as $0.05, completely reversing election gains. The first key recovery point for CHZ will be at $0.0598. Many altcoins are testing their lows, as illustrated in the chart below. Cryptocurrencies affected by the negativity in the U.S. markets need to recover from severe sell-offs starting this week.
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