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The US regulator provoked the fall of major cryptocurrencies
Bitcoin BTC $94,293.53 Mezo Wrapped BTC -1.51% Market capitalization $54.81 million VOL. 24 hours $1.87 billion and other leading cryptocurrencies declined after the US Senate suspended consideration of a key bill on the structure of the digital asset market. This cooled investor sentiment after the recent rally.
Bitcoin fell back to around $ 95,000 after hitting a two-month high of around $ 97,000. Trading volumes decreased by 13% per day. Ethereum ETH $3,312.92 Bridged Ether (StarkGate) -1.82% Market capitalization $75.27 million VOL. 24 hours $1.1 billion held in the range of about $ 3,300, while XRP XRP $2.06 XRP -2.59% Market capitalization $125.25 billion VOL. 24 hours $0.14 billion and Dogecoin DOGE $0.14 Binance-Peg Dogecoin -4.26% Market capitalization $0.36 billion VOL. 24 hours $0.12 billion lost 2.66% and 4.23%, respectively. Shares of cryptocurrency companies also sank: Strategy closed down 4.7%, Coinbase — 6.5%.
According to Coinglass, more than $ 320 million in positions were liquidated over the day, with about 81% of them coming from long trades. The open interest in bitcoin decreased by 2.31%, although most Binance traders remain in long positions.
Analysts note that the drop looks like a pause, not a reversal. According to B2BINPAY, bitcoin is gradually emerging from a long consolidation phase that has been going on since November 2025 and may test the $ 100,000 level again. At the same time, the market does not show overheating: the total open interest is about $ 65 billion, and funding remains moderate.
Technical observations show that the move to $ 98,000 brought bitcoin to the 61.8% Fibonacci retracement level of the previous drop from $ 126,000 to $ 80,000, a point where markets often pause. The Fear and Greed Index returned to the neutral zone. Amid cryptocurrency fluctuations, US stock markets showed a recovery, unemployment claims came in below expectations, and oil prices fell after President Donald Trump softened his stance on Iran.