Bitcoin continues to struggle as the price drops below $93,000 in the past 12 hours. 📉
- Many altcoins are also in difficulty, with DOGE, ADA, AVAX, LINK, and other coins significantly declining in price.
- Just 48 hours ago, Bitcoin reached a new peak for the year, surpassing $102,000 thanks to increased ETF capital flow. However, the latest U.S. jobs report has changed the situation.
- BTC sharply fell below $97,000 on Tuesday afternoon and continued to drop to $92,500 on Wednesday. Despite a slight recovery to $95,000, negative ETF capital flow has pulled the price down below $93,000.
- The market capitalization of BTC has fallen below $1.850 trillion but still dominates over 54% compared to altcoins.
Altcoins like ADA, DOGE, AVAX, LINK are also facing significant losses, with ADA dropping more than 8% in the past 24 hours. The total cryptocurrency market cap has lost over $350 billion, down to $3.4 trillion. 🌐