It’s been a challenging few days for crypto investors, with Bitcoin retreating from its recent high to trade below $69,000.Crypto All-Stars has just pushed past the $3 million mark in its ICO phase – suggesting investors are still hungry for promising new projects.After hitting a high last Tuesday, BTC has lost over 6% of its value, nearly wiping out a week’s worth of progress.Bitcoin has been in the red for five straight days, and today’s price action hints that a sixth could be on the way.
Last Tuesday, Bitcoin came extremely close to its March all-time high, but it just couldn’t break through.Then, when Bitcoin lost the $70,000 support level on Friday, the bearish momentum only worsened.from 67% to 56% on Polymarket, and since Trump is seen as crypto-friendly, this shift has left some people nervous.So, as it stands, there’s a mix of technical resistance and political uncertainty weighing on the market.
While Bitcoin’s long-term outlook might not have changed, short-term traders seem happy to wait until there’s more clarity on who will be the next US president.It has just passed the $3 million mark in its ICO phase, proving that new cryptos can still attract attention, even when Bitcoin is struggling.It all seems linked to Crypto All-Stars’ unique take on meme coin staking.Instead of these coins having no utility, holders can now put them to work earning STARS token rewards.
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