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The cryptocurrency market continued to fall amid negative sentiment caused by harsh statements from the US Federal Reserve. The market’s total capitalization fell by 4.91% to $ 3.33 trillion, and the daily liquidation volume exceeded $ 1 billion, of which $ 860 million fell on long positions.
Bitcoin BTC $77,598.97 Bitcoin -0.55% Market capitalization $1.56 trillion VOL. 24 hours $0.82 billion , which reached $ 102,000 at the beginning of the day, dropped below $ 96,000 for the first time in more than a month by the evening, trading at $ 97,251.29. Ethereum ETH $2,413.40 Ethereum -1.57% Market capitalization $291.25 billion VOL. 24 hours $0.75 billion also suffered significant losses, falling below $ 3,400 and losing more than 11% for the week. Dogecoin DOGE $0.08 Dogecoin -3.46% Market capitalization $12.77 billion VOL. 24 hours $54.5 million dropped even more — by 12.28% to $ 0.3159.
Despite the overall decline, some assets have shown growth. For example, the MOVE token grew by 21.14% to $ 0.7626, and the Bitget Token rose by 6.55% to $ 4.46. At the same time, analysts warn that a further drop below $ 96,000 could lead to a decline to $ 90,000 or even $ 85,000.
Despite the pressure, the share of traders betting on Bitcoin’s growth on the Binance platform has increased to 61%. However, analysts warn that if the support at $ 97,800 is not maintained, the market may enter a long correction phase.