Why do encryption prices decrease, and will they return?

The encryption prices fell slightly on Friday with investors reservation in profits, and fears continued about the last Coinbase penetration. Bitcoin fell to $ 104,130, a decrease from approximately $ 105,000, while ETHEREUM fell from $ 2700 to $ 2,570.
The best thing to be delayed in the encryption market was metal currencies such as DogwFhat (WF), Celestia (TIA), optimism (OP), the sand box (sand), and Ethina (ENA). Let’s explore the most important reasons that make them retreat.
Coinbase penetration contributed to Crypto’s crash
One of the most important reasons behind the low encryption prices is Coinbase. In a statement, Coinbase, the largest encryption exchange in the United States, said that the infiltrators broke the client representatives to steal the customer’s data. They took sensitive data such as the history of births, identity numbers and some bank details.
Then the infiltrators demanded $ 20 million from the ransom to delete the data. Although no money was lost, Coinbase estimated that the penetration would cost at least $ 400 million, which will affect its profit in the current quarter.
The company also said, instead of paying the ransom, it will pay a $ 20 million reward for anyone with information that leads to his arrest and conviction.
The main penetration on Coinbase is a big problem because it is the largest player in the United States. It is also the main guardian of the stock exchange of money (ETFS) by companies such as ARK Invest and Grayscale, which carries coins of more than $ 120 billion.
However, the encryption market can handle such a penetration. For example, the sector flourished after the penetration of Mount Gox in 2014 and the collapse of FTX in 2022. Recently, it exited the pirates from the ETHEREUM coins from bybit, an exchange of famous encryption.
The encryption prices decreased due to the achievement of profits
Bitcoin and most encryption rates decreased due to the achievement of profits between investors because most of them rose with double numbers from their lowest levels in April.
Bitcoin jumped from $ 74,000 in April to $ 104,320 on Friday. It is worth noting that Ethereum jumped from $ 1,300 to 2700 dollars, while the market value of all Solana Meme coins increased from 6 billion dollars to $ 15 billion.
Read more: The possibilities of a high price of Solana to the highest level ever in 2025
Achieving profits is common when such a large gathering occurs because, even in a bull race, prices do not move in a straight line.
Read more: Coinbase’s share price can increase by 70 % after the S&P 500 insert
Will the encrypted currencies come back?
There is a high possibility that Bitcoin and other encrypted currencies will resume their upward trend in the coming weeks. First, the Wall Street analysts began to upgrade their S&P 500 forecasts And reduce the possibility of stagnation. Goldman Sachs expects that the index will rise to $ 6100, a step that would also benefit from encryption prices.
The main reason for the change in the melody is that the United States has reached a truce with Chinaand He has alluded to more deals in the coming months.

BTC The price chart by Tradingview
Second, there are signs that the price of bitcoin On the verge of pop, which will lead to more demand for altcoins. As the graph above appears, it has formed a cup and a contract, and is now in the process of forming an upper shepherd pattern. These patterns often lead to a strong upward outbreak.
If this happens, the next Bitcoin price that must be seen will be at $ 110,000, followed by $ 120,000. Such a step will lead to more gains between the top altcoins.
Bitcoin also has more stimuli. Bitcoin supplies on stocks have decreased to the lowest level in more than five years, while demand continues to rise. The strategy accumulated coins of more than $ 60 billion, while ETF flows jumped.
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