Crypto Markets Today: Bitcoin (BTC), Ether (ETH) Prices Hold Steady as Traders Brace for Next Big Move

Bitcoin and ether prices held steady at around $105,000 and $3,550, respectively, as traders evaluated potential market movements. A drop below $98,000 for bitcoin may indicate a bearish shift, while a rise above $111,000 could suggest a bullish reversal. The ongoing volatility is influenced by the strengthening U.S. dollar, with the DXY index climbing to 99.58 amid uncertain Federal Reserve policies. Furthermore, a notable increase in trading activity was observed in the altcoin market, particularly with Uniswap's UNI token, which rose over 20% due to a token burn proposal. Conversely, the newly launched Canton Network (CC) token experienced a significant 33% drop despite substantial backing from major banks. The overall outlook for altcoins now hinges on Bitcoin and ether's ability to consolidate their positions against potential downturns, which could confirm a lower high and signify a continuing downtrend from previous peaks.

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