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The price of bitcoin BTC $79,781.01 Bitcoin -2.18% Market capitalization $1.6 trillion VOL. 24 hours $1.62 billion has fallen below $ 97,000, reaching its lowest level since early May. Over the past day, the total capitalization of the crypto market has fallen by about $ 200 billion. Despite positive macroeconomic signals, including the reopening of the US government, the first cryptocurrency lost more than $ 8,000 in just a few hours, continuing to show negative dynamics.
Three days ago, bitcoin exceeded $ 107,000 after Donald Trump’s statements about paying tariff checks of at least $ 2,000 and the possible end of the government shutdown. After that, the rate first dropped to $ 103,000, then briefly rose to $ 105,000. The president’s signing of the bill to reopen the government triggered a brief rise, but the market returned to a downward trend within a few hours.
The Doctor Profit analyst, who remains pessimistic, expects the rate to further decline to between $ 90,000 and $ 94,000. Uncertainty remains in the market, and investors are cautious. Along with bitcoin, altcoins have also rapidly lost value: AAVE, ENA, RENDER, SUI, PEPE, and LINK dropped by more than 12%, and Ethereum ETH $2,453.37 Ethereum -2.16% Market capitalization $299.36 billion VOL. 24 hours $1.06 billion - by more than 11%, falling below $ 3,200.
The total value of liquidated positions over the day reached $ 1.1 billion, and the number of traders who suffered losses exceeded 240,000. According to CoinGlass, the largest liquidation took place on the HTX exchange and amounted to $ 44.29 million. Most of the liquidations were in long positions — about $ 966 million, while short positions amounted to $ 124 million.
The sharp decline in the market has increased volatility and may indicate that a further correction is approaching. Despite some positive signals, the cryptocurrency sector remains sensitive to political and market changes, and short-term forecasts remain uncertain.