The cryptocurrency market is in a state of absolute collapse 😱💔, as Bitcoin (BTC) drops towards the $90,000 level 💸💔 as the price correction deepens 📉. BTC fell by more than 2% in 24 hours ⏰, reaching a low of $90,796 🚫, before recovering slightly to around $92,600 📈. The total cryptocurrency market cap fell by 2.30% to $3.19 trillion 💰, causing many traders to lose long positions 💔.
Most cryptocurrencies were negatively affected 😔, with Ethereum (ETH) dropping below $3,400 📉, Solana (SOL) struggling to stay above $230 🥵, and Ripple (XRP) also seeing a 4% drop to $1.39 📉.
Deep market correction 🌊🔻
The market is under heavy pressure after a period of post-election recovery 🗳️, with BTC price falling to $90,796 💔. Selling increased due to geopolitical tensions 🌍 and trade threats from Trump 🚨. The fear and greed index fell to 79 😬, its lowest level in two weeks 📅.
If BTC continues to fall below $90,000 🚫, it could head towards $85,000 or even $80,000 💸. In contrast, CoinShares announced record investments in crypto funds of $3.12 billion 💵📈.
Big liquidation in derivatives 💥💔
There was a massive liquidation in derivatives ⚖️, with $581M in positions liquidated 💸💔, with $113M in BTC positions liquidated 📉.
Bitcoin Price Analysis 🔍
BTC fell below the $92,000 support 📉, reaching a low of $90,707 🔻. The forecast suggests that a correction could occur before the next stage begins ⏳. If BTC manages to surpass $100,000 🚀, it will be a positive sign 🌟.
Ethereum Price Analysis 🔍
Ethereum (ETH) fell to $3,110 📉 but recovered to a high of $3,360 📈. The $3,500 level is seen as a major barrier 🚧.
Solana Price Analysis 🔍
Solana (SOL) is trying to recover 🌱, as it dropped to $234 💔 after previous highs 📉. It is trying to reclaim the $250-260 level 🏆.
Ripple Price Analysis 🔍
Ripple (XRP) fell significantly after failing to stay above $1.50 📉, suffering a major decline after the elections 📉.
Warning ⚠️: This article is provided for informational purposes only 📜 and is not considered legal or investment advice 💼.