Bitcoin Drops Below $100K as Market Weakness Grows – Cryptodnes.bg

Bitcoin has dropped below the $100,000 mark after maintaining its position above the milestone for a while.
The leading cryptocurrency is now trading at $99,640, reflecting a 2.4% decline over the past 24 hours and a 5.1% drop over the week. Trading volume has also declined, standing at $36 billion, which is 16% lower than the previous day’s activity. Bitcoin’s market capitalization has now fallen to $1.975 trillion. Only on Binance, the flagship cryptocurrency still trades above $100,000.
The broader crypto market is also facing losses, with the total market capitalization down 3.94% in the past 24 hours to $3.37 trillion. Ethereum has dropped to $3,100, marking a 5% decline for the day and nearly 7% over the past week. Trading volume for Ethereum is currently at $24 billion, while its market cap stands at $373 billion.
Among individual tokens, Virtuals Protocol (VIRTUAL) has been the worst performer in the past 24 hours, plummeting 17.6% to $1.62, with a staggering 35% loss over the past seven days. The market downturn has also triggered $528.62 million in liquidations in the last 24 hours, with long positions accounting for $469.87 million and short positions for $58.75 million.
Technical indicators suggest further downside, as TradingView’s one-day analysis presents a strongly bearish outlook. The summary, moving averages, and oscillators all indicate a “sell” at 10, 8, and 2, respectively. With declining trading activity and increasing liquidations, the market remains under pressure, raising concerns about further volatility ahead.

Senator Cynthia Lummis is working to introduce legislation that would position Bitcoin as a key asset in the U.S. financial system.
Luke Gromen is predicting a major shift in the economic landscape, suggesting that Bitcoin and gold will be the top assets to hold for those looking to hedge against the potential economic fallout from the rise of artificial intelligence (AI).
El Salvador has continued adding to its Bitcoin holdings, recently purchasing two more BTC on February 1.
Donald Trump’s return to the White House has reignited discussions about his past commitments to cryptocurrency policy.
QR for the Bitcoin/Ethereum Address:
QR for the Bitcoin/Ethereum Address:
Your Email address will not be published.
Save my name, email, and website in this browser for the next time I comment.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
News and analysis about cryptocurrencies and blockchain – Altcoins, Bitcoin, FinTech, Regulations, NFT and everything from the world of cryptocurrencies.
Next Crypto To Hit $1 in 2025: DLUME
– Aureal One
– $2.5 Millions Raised!
Next Crypto To Hit $1 in 2025: DLUME
-Aureal One
– $2.5 Millions Raised!
By using the site, you agree that we use cookies to improve your experience, personalize content and ads, and analyze traffic. See our disclaimer and privacy statement.

source