The entire cryptocurrency market is bleeding, with Bitcoin dropping over 6% to $79,594. And altcoins like Ethereum, XRP, Solana, Dogecoin, Cardano, and Shiba Inu are also facing sharp declines amid market turbulence.
Bitcoin Price Overview
- Current Price: $79,594 (-6.22%)
- High/Low: $86,971 / $79,553
- Major Support: $78,000 | Resistance: $85,000 & $90,000
- RSI: 34 (approaching oversold territory)
Bitcoin has already dropped nearly 21% from its January peak of $109,350, which technical indicates bear market. And the reason why decline is happening:
- Geopolitical Tensions – U.S. tariffs on Canada, China, and more increase market uncertainty.
- Security Breach – A $1.5 billion on ByBit hack has lost the investor confidence.
- Regulatory Uncertainty – Delays in crypto policies.
And Despite the downturn, some of the analysts has predict Bitcoin could reach $150K – $200K by 2025.
Decline in Altcoins
- Ethereum (ETH): $2,119.73 (-9.22%)
- XRP: $2.02 (-8.60%)
- Solana (SOL): $126.90 (-8.20%)
- Dogecoin (DOGE): $0.1871 (-9.49%)
- Shiba Inu (SHIB): $0.00001321 (-8.96%)
- Cardano (ADA): $0.5928 (-10.31%)
Despite all of the sell-off, whales are accumulating assets like ETH, Solana & BNB, indicating long-term confidence.
Is the Crypto Bull Run Over?
So the crypto market remains volatile due to macro-economic factors, security risks, and regulatory challenges. While the short-term outlook is bearish, but the long-term projections remain promising. And every Investors should monitor major support levels and also consider global developments factors before making any decisions while investing.
