Bitcoin tumbled to its lowest level since November 2024 on Tuesday, breaching the critical $73,000 support level and triggering a broad-based cryptocurrency sell-off. The leading digital asset’s sharp decline, part of a 15% weekly drop, has analysts warning that bear-market conditions may persist for weeks or even months, with Ethereum and XRP suffering even steeper losses. This downturn reflects a profound erosion of trader confidence and a significant shift in market structure toward bearish positioning.
about Bitcoin Plunges Below $73K, Analysts Warn of Prolonged Bear MarketAugustine Fan
0 posts last weekCrypto Market Struggles Amid Bearish Sentiment, ETF Inflows
The cryptocurrency market continues to face significant downward pressure following the October 10 crash, with Bitcoin approaching its worst weekly performance of the year. Despite record ETF inflows and Federal Reserve policy changes, digital assets struggle to regain momentum as bearish sentiment dominates trading activity, leaving investors questioning when the bleeding will stop.
about Crypto Market Struggles Amid Bearish Sentiment, ETF InflowsBitcoin Falls Below 80000 as Crypto Market Faces Significant Decline
Bitcoin has fallen below $80,000, hitting a low of $78,433 amid a record $3.2 billion in net outflows from U.S. spot Bitcoin ETFs over eight days. This decline is attributed to renewed tariff concerns and a slowing economy, pushing the Crypto Fear & Greed Index to extreme fear levels.Ethereum, XRP, and Dogecoin also experienced significant losses, with the entire crypto market cap contracting by 8.7% to $2.76 trillion. Analysts are divided on whether Bitcoin has hit its bottom, with some suggesting oversold conditions while others warn of potential further declines.
about Bitcoin Falls Below 80000 as Crypto Market Faces Significant DeclineCrypto Market Faces Sell-Off as Solana and Major Coins Decline
The crypto market experienced a significant sell-off, with Solana plunging 14% and other major cryptocurrencies like XRP and Dogecoin dropping over 8%. Bitcoin fell below $92,000 for the first time since late November, raising concerns about a potential downside break. Market sentiment remains bearish amid inflation worries and a pause in Fed rate cuts, although some traders believe the current outlook may be overly pessimistic.
about Crypto Market Faces Sell-Off as Solana and Major Coins DeclineCrypto Market Faces Sell-off as XRP and Dogecoin Prices Drop 7 Percent
Ripple’s XRP and Dogecoin (DOGE) saw a 7% decline as the crypto market faced a significant sell-off, with major tokens like Solana’s SOL dropping 14%. Bitcoin fell below $92,000 for the first time since late November, raising concerns about a potential downside break. Market capitalization decreased by 6.6%, driven by bearish sentiment amid inflation worries and a pause in Federal Reserve rate cuts, prompting traders to adopt risk-off strategies.
about Crypto Market Faces Sell-off as XRP and Dogecoin Prices Drop 7 Percent