Crypto market likely to continue sideways trend, analysis suggests

The cryptocurrency market is expected to continue its sideways movement and maintain a wait-and-see atmosphere for the foreseeable future, according to a recent analysis. CoinDesk reported that BTC has fallen 16% over the past month, while major altcoins like ETH, SOL, and ADA have recorded even larger drops. The market appears to have entered a deleveraging phase following widespread liquidations. Rohit Apte, Market Header at Hex Trust, noted that this deleveraging trend has been ongoing since the liquidations in October. He added that BTC and ETH need to establish a stable range and form a clear trading channel.