Bitcoin saw another sharp selloff yesterday, driving BTC as low as $86,000 before a quick rebound above $87,500 this morning. Ethereum\u2019s price is also down after losing 1.35% in the last 24 hours, putting ETH back below $3,000. Broader market conditions have come under strain from geopolitical issues and ETF outflows, as well as the FOMC meeting coming up on Wednesday, leaving traders cautious about key asset performances.<\/p>\n
Long-term investors still remain hopeful, though, as the combined market value has held around $3 trillion \u2013 and improving volume indicators point to a potentially larger rebound ahead. In the Layer 2 (L2) space, cryptocurrencies like Arbitrum and Polygon are trying to recover from the recent pullback, consolidating at $0.17 and $0.12, respectively. Meanwhile, Optimism and ZKSync have slid in the past day, despite increased developer involvement and reduced fees.<\/p>\n
At the same time, presale-stage Web3 projects have been attracting millions in token investments due to their creative solutions and high upside potential. Many participants are deeply committed to these ventures, viewing them as long-term investments as they gain momentum before listing on exchanges.<\/p>\n