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Bitcoin crash forewarned by analysts citing sustained negative growth territory

Macro landscape holding Bitcoin in a consolidation range for over 90 days raised risks of the deeper correction.

CryptoSlate

Feb 25

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Happy Tuesday!

Bitcoin's recent plunge below $90,000 has sent shockwaves through the crypto market, with analysts warning of deeper corrections amid a backdrop of macroeconomic uncertainty. The fallout from former President Trump's tariff plans has exacerbated the situation, leading to significant declines across digital assets, particularly altcoins. As Bitcoin's short-term holder realized price becomes a focal point for support, the market grapples with volatility and investor sentiment remains shaky. Will this be a moment for recovery or further decline? Stay tuned as we delve into today's top headlines.

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The global crypto market cap is $2.85 trillion, with a 24-hour volume of $206.3 billion. The price of Bitcoin is $86,786.84, and BTC market dominance is 60.3%. The price of Ethereum is $2,403.82, and ETH market dominance is 10.1%. The best-performing sector is Adult, which gained 8%. The Crypto Fear & Greed Index is currently Extreme Fear (25).