🔴Over the past few hours, the cryptocurrency market has come under renewed selling pressure. Bitcoin, which had been consolidating below the $90,000 level, dropped sharply at the start of the U.S. trading session, falling to around $86,800 and losing more than 2% over the day. The move occurred despite resilience in U.S. equity markets, further highlighting the growing divergence between traditional assets and crypto.
🔴Altcoins followed suit: Ethereum slipped toward $3,000, while Solana, BNB, XRP, and others declined by up to 4%. Analysts note that Bitcoin’s earlier upside momentum largely formed outside U.S. trading hours, suggesting the current move may represent a corrective phase. At the same time, large-scale liquidations of long positions underscore that volatility across the market remains elevated.