Bitcoin Drops to $87,700 as Crypto Market Loses $810 Billion in Bearish Slide
1min read Bitcoin's price has been fluctuating around $86,668, with a market valuation of $1.71 trillion and $69.5 billion in daily transactional activity. The market sentiment remains bearish, with selling pressure persisting as bulls struggle to reclaim key levels. The market is highly uncertain, with neither bulls nor bears firmly in control. Moving averages reflect a mix of bullish and bearish signals, indicating indecision in the market. Despite recent stability, Bitcoin faces strong resistance in the $92,000–$95,000 range, while longer-term moving averages and the moving average convergence divergence (MACD) suggest further downside.
The market decline has continued, with Bitcoin trading at $87,700. The crypto market is experiencing a harsh bear market, down by more than $810 billion in value. Solana, Ethereum, and Bitcoin have fallen considerably, reflecting the overall bearish sentiment in the market. The market remains highly uncertain, with BTC struggling to reclaim key levels. The market decline has continued, with Bitcoin trading at $87,700. The crypto market is experiencing a harsh bear market, down by more than $810 billion in value. Solana, Ethereum, and Bitcoin have fallen considerably, reflecting the overall bearish sentiment in the market.
