Bitcoin’s Slide Deepens: BTC Dips to $91.4K, Pulling Crypto Market Down
: BTC Dips to $91.4K, Pulling Crypto Market Down
Bitcoin has taken another hit. After a short bounce back earlier this week, BTC fell 2.4% in the last 24 hours. It now sits at around $91,400. This drop is not just for Bitcoin. It is pulling the whole crypto market lower with it.
What Happened to Bitcoin’s Price?
The king of crypto, Bitcoin, hit over $94,000 early this week. Traders were hopeful for new highs. But that hope faded fast. On Wednesday, BTC slid deeper into the red. The price retreated as sellers took control.
This is part of a bigger slide. Bitcoin lost ground from a day before. Now, it is testing key support levels. Many eyes are on $90,000. If it breaks that, more pain could come.
- 24-hour change: -2.4%
- Current price: $91,400
- Weekly high: $94,000+
Why Is Happening Now?
Several factors are at play. First, profit-taking. After a strong run-up, many holders sold to lock in gains. This added selling pressure.
Second, the stock market is shaky. Big tech stocks like Nvidia and Tesla are down. Crypto often follows Wall Street. When risk assets fall, Bitcoin feels it too.
Third, macro news. Interest rate talks from the Fed are in focus. Higher rates for longer could hurt high-risk assets like crypto. Investors are pulling back.
Also, whale activity. Large holders moved big amounts of BTC to exchanges. This signals potential sells. On-chain data shows increased supply on trading platforms.
Broader Crypto Market Feels the Pain
Ethereum (ETH) fell 3.5% to $3,450. Solana (SOL) shed 4.2%. Even meme coins like Dogecoin are down 5%.
| Coin | 24h Change | Price |
|---|---|---|
| Bitcoin (BTC) | -2.4% | $91,400 |
| Ethereum (ETH) | -3.5% | $3,450 |
| Solana (SOL) | -4.2% | $185 |
| Ripple (XRP) | -2.8% | $0.62 |
Altcoins are hit harder. They often amplify Bitcoin’s moves. When BTC drops, money flows out of riskier tokens first.
Technical Analysis: Where Is BTC Headed?
Look at the charts. Bitcoin is below its 50-day moving average. The RSI is in the oversold zone at 35. This hints at a possible bounce.
Key levels to watch:
- Support: $90,000 – $88,000
- Resistance: $94,000 – $96,000
If BTC holds $90K, bulls could push back. A break below might target $85K. Volume is low, so volatility could spike soon.
Market Sentiment Turns Bearish
Fear and Greed Index is at 45 – neutral but leaning fear. Social media buzz is down. Traders talk more about caution than moonshots.
Institutional flows? ETFs saw outflows last week. BlackRock and Fidelity reported net sells. This adds weight to the downside.
What’s Next for Crypto Investors?
Short-term: Expect choppy trading. Watch Fed speeches and jobs data. Good news could spark a rebound.
Long-term: Bitcoin’s story is strong. Halving effects linger. Adoption grows with ETFs and nations like El Salvador.
Tips for holders:
- Dollar-cost average in dips.
- Set stop-losses.
- Diversify beyond BTC.
Final Thoughts
Keep checking prices and news. Crypto rewards the patient and informed.
