Bitcoin faced a sharp drop below $60,000, causing concern among investors. However, analysts remain optimistic, predicting a potential recovery to $63,500 by week's end. Despite short-term volatility, the long-term uptrend is expected to continue.
The approval of the spot Ethereum ETF has spurred market activity, following similar advancements in Bitcoin ETFs expected to benefit the market by early 2024.
Whales are shifting their investments from Pepe Coin to Alex The Doge (ALEX), priced at $0.0084, sparking investor interest.