Bitcoin Price USD Crashes to Five-Day Low After Failing to Hold Above $90,000
Earlier this week, Bitcoin had dropped more than $7,000 in just 24 hours before bouncing back above $90,000, even attempting to break through $94,000 on multiple occasions. But that momentum faded. After hovering around $92,000 heading into Friday, sellers stepped in again, pushing the price down to $88,000.
Crypto Crash Today: Ethereum, XRP, SOL, DOGE and ADA Tumble as Altcoins Face Heavy Pressure
Altcoins are feeling the pressure, too. Ethereum, which climbed past $3,200 on Thursday, is now slipping toward the $3,000 mark after a 4.6% daily decline. XRP has fallen to $2.04, barely holding above key support, while SOL, DOGE, and ADA have posted even sharper drops of up to 7.3%. Several tokens, including CC, APT, HYPE, PUMP, PEPE, and ENA, are down by double digits, and assets like WLD and AVAX have fallen nearly 9%.
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Crypto Market Cap Wipes Out $80 Billion in Hours
The broader market is clearly under strain. The total crypto market cap has erased $80 billion in just a few hours, standing at $3.1 trillion.
Crypto Liquidations Hit $500 Million With 140,000 Traders Wiped Out
Liquidations have surged again, reaching $500 million in the past day, with $420 million coming from long positions, as per the CryptoPotato report. More than 140,000 traders have been wiped out, and the largest single liquidation, an $8.5 million order, occurred on Hyperliquid.
Fear & Greed Index Falls to 25 as Market Sentiment Turns Cautious
Sentiment has dipped as well. The Fear & Greed Index has slipped to 25, signaling a cautious mood across the industry, and softer trading volumes reflect that hesitation, as per a Cryptodnes report.
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BTC USD Price Today
Bitcoin is still the market’s anchor, but not immune to the downturn, currently trading at $88,838.36, down 1.7% in the past hour and nearly 4% on the day. BTC USD market cap remains around $1.77 trillion, hinting at a cooling phase after its recent momentum, as per the report.
Downward Pressure Dominates Seven-Day Charts Across Major Cryptocurrencies
For now, the mood remains defensive. Seven-day charts for major cryptocurrencies show steady downward pressure, and the focus turns to whether fear will deepen or if the market can steady itself enough for a potential recovery in the days ahead, as per the Cryptodnes report.
FAQs
Why did Bitcoin price fall below $90,000?
Bitcoin dropped as selling pressure returned, pushing it to a five-day low of $88,000.
How are altcoins performing?
Most are in the red, with Ethereum, XRP, SOL, DOGE, and ADA all seeing notable declines.