- Crypto markets experienced a 10% drop in the past 24 hours, but bulls have quickly bought up the market.
- **Selling pressure likely driven by profit-taking and miners offloading bitcoin holdings. **
- Solana’s SOL, Cardano’s ADA, ether and meme coins reversed some of Tuesday’s losses.
- Bitcoin tumbled over 7% on Tuesday after briefly reaching all-time highs, causing a market-wide sell-off and over $1 billion in liquidations.
- Market analysts predict lofty price targets for bitcoin as April’s anticipated halving event approaches.
- Developers believe Bitcoin fundamentals are stronger this cycle due to the introduction of Ordinals technology and their adoption.
- Dog-themed tokens dogecoin (DOGE) and shiba inu (SHIB) saw sell-offs of more than 15% on Tuesday but did not rebound alongside the other major tokens.