Bitcoin Dips Below $90K: What's Next for Crypto?

Bitcoin's value slipped under $90,000 on Sunday, signaling a cautious mood among investors. This drop comes as traders brace for a week packed with important economic reports and central bank decisions.

Market Overview

• Bitcoin (BTC):
• Current Price: ~$89,600
• 24h Change: -0.9%
• Weekly Change: +0.5%

• Monthly Change: -7.6%

• Ether (ETH):
• Current Price: ~$3,104
• 24h Change: -0.3%

• Weekly Change: +2.1%

• Altcoins:
• Solana (SOL), XRP, Dogecoin (DOGE), and Cardano (ADA) all saw declines.
• Total Market Cap: ~$3.15 trillion (-0.8% over 24h)
• Trading Volume: ~$89 billion

Market Sentiment and Key Levels

Analysts are closely monitoring key support levels. If Bitcoin falls below $86,000, it could signal a deeper pullback. The uncertainty is making traders more cautious.

Upcoming Economic Events

• U.S.:
• Employment indicators
• Inflation data

• Federal Reserve speeches (clues on interest rate changes)

• Japan:
• Bank of Japan expected to raise interest rates, potentially impacting global markets.

Current Market Behavior

For now, crypto markets are moving sideways with low trading volumes. Traders are waiting for clearer signals from the upcoming economic data and central bank decisions before making big moves.