BTC lost 1.5% on Wednesday, May 13, falling to $80,481. ETH also retreated by 1.5%, settling at $2,275. Over the week, BTC’s performance turned negative at -0.5%, erasing some of the gains accumulated since Monday. The market appears to be experiencing generalized selling pressure, without any apparent major catalyst. This pullback occurs amidst heightened caution across financial markets.
Fears of a global economic slowdown have resurfaced, fueled by disappointing manufacturing indicators from Europe and Asia. Additionally, the crypto sector is being impacted by rumors of stricter regulations in certain jurisdictions, though no official announcements have been made. Investors are opting to reduce their exposure while awaiting clearer signals. Despite this downturn, BTC remains within a familiar price range. The $80,000 mark acts as a significant psychological support, and a break below it could accelerate selling towards $78,000. Conversely, a swift rebound would bolster confidence. For ETH, the $2,200 zone is crucial: a loss of this level would pave the way for a test of $2,100. The coming hours will be decisive.
