The crypto market heatmap clearly presents the picture of the crash, including the decline in the Ethereum price. The market has been facing high volatility with the massive trend shifts among investors and mixed sentiments. The US-China deal recently catered to the uptrend in digital assets, but that has changed today. Let’s discuss why the ETH price is down today.
Ethereum Price Dips Today With Bitcoin Crash
With a highly bullish uptrend, ETH price surged to $2.7k under the influence of the US-China trade deal and US CPI data. However, the trends have reversed today, resulting in the 2.3% crash in the Ethereum price, currently trading at $2.5k, with a market capitalization of $309.21B.
The prime reason behind this drop is the decline in the Bitcoin price, the biggest cryptocurrency on the market. As the BTC plummeted to $102k instead of a new high, as anticipated by experts, the broader crypto market is struggling.
More importantly, further Bitcoin price crash odds are building,
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