The crypto market has come under pressure over the past 24 hours, with most major assets recording declines. Bitcoin, Ethereum, and Dogecoin were corrected, while XRP showed more positive movement. This situation highlights that volatility continues to dominate the market heading into the new week.
The price of Bitcoin (BTC) fell slightly by less than 1% in the past 24 hours. Ethereum (ETH) also weakened, while Dogecoin (DOGE) saw a deeper correction. In contrast to these three assets, XRP posted a moderate increase, becoming one of the few assets moving against the broader market trend. A combination of selling pressure and profit-taking pushed many altcoins into a more defensive position.
Liquidation Pressure & Market Sentiment
One factor weighing on the market is the high liquidation value within a short timeframe. Data from the report shows that total liquidations reached hundreds of millions of dollars in a single day, with long positions taking the biggest hit. Such spikes in liquidation typically signal that the market is in a period of uncertainty, especially for major assets like BTC.
Some analysts predict that Bitcoin may still test lower price levels if selling pressure continues. However, these views are speculative and not definitive, as the crypto market is heavily influenced by sentiment and fast-changing macroeconomic developments.
Ethereum is also said to have additional room for correction, with some observers suggesting that lower price levels could become attractive areas for long-term investors. Nevertheless, these opinions remain part of general market analysis and should not be taken as investment advice.
Bitcoin Holds Around 95,000 USDT
Bitcoin briefly held around the 95,000 USDT level, although it remained in negative territory on a daily percentage basis. This movement reflects that selling pressure persists, but volatility remains open in both directions. In conditions like this, investors typically wait for trend confirmation before making decisions.
Overall, crypto market movements heading into the new week show diverse dynamics. Some assets weakened, while others strengthened. For general users, this development may indicate that the market is still in an adjustment phase, making it important to stay updated with the latest information before making any decisions.
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