The global crypto market cap dropped 8.76% to $2.77T.
Bitcoin (BTC) is below its 50-day moving average, confirming a bearish trend.
The global crypto market is facing a sharp downturn, with the total market cap falling to $2.77 trillion, an 8.76% drop in the last 24 hours. Market trading volume has also decreased by 15.59% to $176.55 billion, indicating reduced investor activity. The entire crypto market is bearish, pulling Bitcoin (BTC) down significantly.
Bitcoin is currently trading at $83,093.80, down 9.43% in the last 24 hours. Its market cap has fallen to $1.66 trillion, reflecting a 9.24% decline. The 24-hour trading volume stands at $73.6 billion, showing a slight drop of 1.08%.
Bearish Indicators For BTC
Bitcoin is facing strong resistance at $86,800. If bulls push the price above this level, BTC could rally toward $90,000 in the short term. However, failure to break resistance could trigger another sell-off.
The first major support level is $82,500. If Bitcoin
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