Bitcoin plunged below $ 97,000

The price of bitcoin BTC $94,708.00 Mezo Wrapped BTC -4.05% Market capitalization $48.7 million VOL. 24 hours $4.78 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 $3,169.12 Bridged Ether (StarkGate) -2.04% Market capitalization $71.17 million VOL. 24 hours $3.1 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.