Bitcoin’s price recently tested the $67,000 mark; however, as the final quarter approaches, it has retreated to the $59,600 level. While investors aim for new highs, the situation for altcoins is also challenging, with DOGE losing crucial support at $0.105. The current market dynamics raise questions about future price movements in cryptocurrencies.
Cryptocurrency Prices Decline
The escalating tensions between Iran and Israel, coupled with the risks of war spreading to Lebanon, have unsettled risk markets. Additionally, the SEC‘s recent legal actions against various cryptocurrencies have negatively impacted market appetite. As inflation reports exceed expectations, BTC is finding buyers around the $59,600 price point. With the Democratic candidate leading in polls just weeks before the November elections, the SEC continues its intense scrutiny of crypto, indicating that this pressure is unlikely to cease post-election.
These factors are dampening investor enthusiasm. A crypto analyst named Nagato shared an in-depth evaluation, presenting a graph and suggesting that the market appears to be preparing for a significant pre-quarter volatility.
DXY and UNI Coin Analysis
Nagato emphasized that Bitcoin 
$98,329 might have reached a low of around $53,000 in September. He believes that the market is currently forming a higher low and that if specific support levels between $60,000 and $57,000 hold, there is no reason for panic. Altcoin Sherpa noted a potential bounce before further declines, highlighting the cautious nature of trading in this volatile environment.
Due to its ongoing layer2 network testing, UNI Coin has shown positive performance today. However, Altcoin Sherpa cautioned against entering positions until certain price levels are cleared. Meanwhile, Benjamin Cowen is closely monitoring the DXY chart, noting that recent comments suggest a potential pause in interest rate cuts, which has contributed to the decline in crypto prices.
