FOMO

Bitcoin

Drops

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-drops-as-investors-react-to-recent-economic-data/" data-wpel-link="internal">Bitcoin Price Drops as Investors React to Recent Economic Data</a> 
Bitcoin price experienced a decline of nearly 5%, dropping to $87,528 after the release of Producer Price Index (PPI) data. The PPI increased compared to the previous month and exceeded expectations. Despite this, there is no significant risk for inflation, as the FedWatch tool does not predict a pause in interest rates. 
<h2 style="text-align: justify" id="bitcoin-btc-decline">Bitcoin (BTC) Decline</h2> 
We witnessed a sharp drop in BTC price after it surpassed $91,000, wiping off thousands of dollars in mere minutes. However, Daan Crypto Trades had warned investors in a market assessment prior to the decline. The individual noted that as long as the trend remains upward, there should be no concerns. 
<blockquote> 
 “Bitcoin corrected by -5% yesterday, but the price movement was essentially still upward. ETFs continue to trade at maximum levels, and stocks are trading at all-time highs. The bullish environment remains extremely strong. 
 Just don’t get lost in FOMO and similar sentiments. But I think the real fun in the <a href="https://en.coin-turk.com/telegram-introduces-in-app-ad-purchases-with-toncoin/" data-wpel-link="internal">altcoin</a> frenzy hasn’t even started yet.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-406832 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/11/bitcoin-14-kasim-grafik.jpg" alt="" width="1299" height="804"> 
The analyst believes we have seen a preview of significant upcoming rallies and that it may still be time for a genuine rally. If historical data proves accurate, we might not have even reached the halfway point of the upward trajectory. 
<h2 style="text-align: justify" id="eth-and-apt-coin-price-predictions">ETH and APT Coin Price Predictions</h2> 
The ETH price has dropped to $3,130. The largest altcoin continued the day with a 4.4% loss, but it could potentially return to previous levels if BTC regains $90,000. An analyst known as Fella mentioned that ETH’s price is still quite low and is likely to follow BTC’s path as it reaches record levels. 
<blockquote> 
 “My targets for ETH in this bull run are around $7,500 – $8,500. I believe Ether will be the next target.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-406834 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/11/eth-gunluk-grafik.jpg" alt="" width="1200" height="596"> 
Altcoin Sherpa expects that APT Coin will initiate an impressive rally similar to SUI. Finding its current hovering around $10 unreasonable, the individual has higher targets in mind. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-406835 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/11/APT-Coin-14-kasim.jpg" alt="" width="2104" height="1179"> 
The fluctuations in BTC price in the upcoming hours will determine the short-term performance. If BTC closes near $90,000 for the day, it could create a favorable environment for <a href="https://en.coin-turk.com/what-is-nebl-coin/" data-wpel-link="internal">altcoins</a> on the last working day of the week. 
The post <a href="https://en.coin-turk.com/bitcoin-price-drops-as-investors-react-to-recent-economic-data/" data-wpel-link="internal">Bitcoin Price Drops as Investors React to Recent Economic Data</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Bitcoin Price Drops as Investors React to Recent Economic Data

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