Crypto Market Takes a Hit: Bitcoin Dips Below $90, 000

The crypto world saw a rough day as Bitcoin dropped below $90,000. This happened because of new worries about trade rules, which made investors nervous. The market saw a big shakeup, with over half a million dollars in trades getting wiped out.

Massive Liquidations

In the last day, a lot of traders lost big. More than 163,000 trades were liquidated, totaling around $693 million. Some of the biggest losers were Monero, Dash, and Hyperliquid.

Market Uncertainty

There's a lot going on in the crypto space right now. Two countries just banned Polymarket in the last 48 hours. People are wondering what's happening. Bitcoin has been stuck around $90,000 for two months. Where did all the excitement go?

Ethereum Co-Founder vs. Ripple CEO

Ethereum's co-founder had some strong words for Ripple's CEO. He said Brad Garlinghouse should fight against a new crypto bill. Meanwhile, BitMine's Ethereum holdings hit $14.5 billion, but their stock, BMNR, dropped.

Regulatory Moves

Trump's CFTC chief started a new project to make the market more future-proof. Ethereum is stuck above $3,000. Is this a good sign, or is there more trouble ahead?

Big Investors Make Moves

Michael Saylor, a big Bitcoin investor, hinted at something big and bought $2.1 billion in Bitcoin. Lark Davis, another investor, said Bitcoin faced a tough rejection at a key level. Even with new buying, the market isn't moving much.

Trader Sentiment

Crypto Rand, a trader, saw a possible good sign. The 30-day moving average is crossing above the 90-day moving average. This could mean short-term sentiment is improving. But we need to see more to be sure.

Warning Signs

Nic Puckrin from Coin Bureau said Bitcoin broke down after losing a key support level. He warned that if Bitcoin drops below $88,000, it could fall to $87,500.