Crypto Market Continues to Struggle – Bitcoin Briefly Dips to $90,000

As the new week starts, the cryptocurrency market continues to bleed with all tokens in CoinMarketCap's top 100 are in the red.

Bitcoin briefly dipped to $90,300 today, signaling a prevailing bearish sentiment in the crypto market.

Despite the drop, BTC managed to regain some of the losses as it is trading for $91,500 at the time of writing, after a 3.4% decline in the past 24 hours and $44.8 billion in trading volume.

In the past 7 days BTC’s value dropped 8% and the number one token’s market cap reached $1.8 trillion.

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Ethereum also experienced significant selling preassure, with the price declining 5.6% in the past 24 hours to $3,070 and almost 16% on the weekly chart. The top altcoin’s 24-hour volume hit $23 billion.

The two biggest losers during this period were Virtualss Protocol (VIRTUALS) and ai16z (AI16Z). VIRTUALS’s price dropped 15% in the past 24 hours and 43.25% in a week to $2.34 ($1.5 billion market cap).

AI16Z on the other hand experiend a 13.4% decrease in value in the past day, but lost over 51% in the past 7 days. Currently the trending altcoin is priced at $0.98 with $1.07 billion market cap.

The total crypto market cap lost 4.56% and is currently valued at $3.15 trillion, with the 24-hour trading volume surging 70% to $117.76 billion.

We also witnessed $536.84 million in liquidations, according to data from CoinGlass – $461.43 million in short positions and $75.44 million in longs.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.