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Guavy AI Editorial Team••Sentiment: -3•Clout: 82

Asian Markets Suffer as Bitcoin and Altcoins Decline

PUMPBTCHYPEHBARETHBCH

Hedera's price continues to plummet, trading at a value of less than $0.103 on Tuesday. The decline is supported by weakening on-chain and derivatives data, indicating a bearish outlook for the cryptocurrency.

Bitcoin's drop below $64,000 has had a ripple effect on the market, causing altcoins such as Bitcoin Cash (BCH), Hyperliquid (HYPE), and Pump.fun (PUMP) to extend their losses. The technical outlook for these coins suggests downside risk amid broader market selling.

Ethereum's treasury firm BitMine Immersion Technologies (BMNR) has made a significant purchase of 51,162 ETH, marking its largest acquisition since December. Fundstrat is predicting an 87% win-ratio for Ethereum, which could be influenced by the recent investment.