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Why Is the Crypto Market Down Today?

In Brief The total crypto market cap dropped by $45 billion to $2.89 trillion but is attempting to reclaim $2.93 trillion for potential recovery. Bitcoin hit a low of $86,000 before rebounding to $89,000; reclaiming $89,800 as support could shift momentum toward $92,005. Raydium (RAY) fell 15.8% to $2.52; holding $2.45 support is crucial, while…
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Why Is the Crypto Market Down Today?

In Brief The crypto market lost $53 billion, falling below $3.09 trillion, with $3.00 trillion as the next critical support level. Bitcoin dropped to $95,489, with further decline possible to $93,625 unless it reclaims $95,869 for a potential recovery. Onyxcoin (XCN) fell 10%, holding above $0.0184 support; a break above $0.0237 could signal recovery. The…
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Why Is the Crypto Market Down Today?

In Brief The crypto market cap fell $40 billion, stuck below $3.28 trillion resistance; flipping this level is key for recovery. Bitcoin consolidates between $95,668 and $93,625; breaking $95,668 could spark a push toward $100,000 and end the stalemate. VIRTUAL faces a 15% decline, holding $2.27 support; flipping $3.26 resistance could restore bullish momentum and…
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Why Is the Crypto Market Down Today?

In Brief The total crypto market cap drops $50 billion to $3.27 trillion, stuck under $3.28 trillion resistance, with $3.10 trillion critical support. Bitcoin holds $93,625 support, aiming to reclaim $95,668 and target $100,000, but risks falling to $89,800 if bearish trends persist. Bitget Token slides 12% to $6.51, with $4.90 support crucial to prevent…
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Why Is the Crypto Market Down Today?

In Brief The crypto market cap dropped $84 billion to $3.53 trillion. Holding $3.49 trillion support is crucial to avoid prolonged bearish pressure. Bitcoin (BTC) fell below $100,000 to $99,162, risking a decline toward $95,000 if bullish momentum isn’t reclaimed. PNUT slid 6.37% to $1.35, needing to flip $1.69 into support to regain upward momentum;…
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Why Is the Crypto Market Down Today?

In Brief The crypto market cap dipped, unable to breach $2.40 trillion, facing potential support at $2.29 trillion amid cautious sentiment. Bitcoin pauses near ATH at $73,800; a further dip to $71,367 could delay a new high, though investor optimism may sustain the uptrend. Celestia fell 11%, losing $4.96 support; holding $4.52 is key, with…
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Why Is the Crypto Market Down Today?

In Brief The total crypto market cap lost over $50 billion amidst the concerns around the arrest of Telegram CEO Pavel Durov. Bitcoin’s price failed to breach the $65,300 resistance level, falling back down to test the $63,000 support. Telegram’s Notcoin saw one of the largest declines in the last 24 hours, inching closer to…
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