Blue Chip Crypto Markets Under Selling Pressure: Bitcoin, Ether, and Bond Yields

Blue chip crypto markets face selling pressure amid macro and technical factors

Bitcoin (BTC) down 3%, below $28,000
Ether (ETH) down 3.7%, trading under $1,750
Rising bond yields and hawkish Fed contributing to selling pressure
Investors selling riskier assets like stocks and crypto
Traders turning to small-cap coins for potential exponential returns

DEXTools’ best-performing small-cap coins

Metal (METAL)

METAL token up 8,000% since launch, market cap of $1.4 million
1,150 holders, $3.5 million 24-hour trading volume
GoPlus audit reveals concerning aspects to token’s contract
Buyers should be cautious of potential scam

XBULL (XBULL)

XBULL token up over 2,000% in last 24 hours
Market cap of $420,000, $300,000 24-hour trading volume
No concerning aspects in GoPlus audit
Investor fears of scam alleviated

XDoge (XDOGE)

XDoge token up 230% in last 24 hours
Market cap of $470,000, $220,000 24-hour trading volume
No concerning aspects in GoPlus audit
Investor fears of scam alleviated

Crypto alternatives: Diversify with crypto presales

Crypto presales offer high-risk, high-reward investment opportunities. These presales involve buying tokens of new crypto projects at low prices to support their development. Historically, presales have delivered significant gains to early investors. Look for projects with strong teams and innovative visions. The risk/reward ratio can be favorable for presale investments.

Best crypto presales of 2023

See the 15 Cryptocurrencies

Hot Take

Blue chip crypto markets are facing selling pressure due to macro and technical factors. While Bitcoin and Ether are down, traders are turning to small-cap coins for potential exponential returns. However, caution is advised, as some of these coins may have concerning aspects to their contracts. On the other hand, crypto investors can diversify their portfolios by participating in crypto presales, which offer high-risk, high-reward opportunities. By identifying promising projects, investors can potentially benefit from the presale’s exponential gains.