News View Non-AMP

Bitcoin Dips Below $99K in Market Bloodbath, XRP Loses 10% Along with Other Alts

Published by
Anjali Belgaumkar

Over the last 24 hours, the majority of the top 10 cryptocurrencies have experienced notable price declines, with some seeing drops as high as 12%. Bitcoin (BTC) fell by 5.84%, dipping to $98,809, while Ethereum (ETH) saw a 7.85% drop, reaching $3,077. XRP also experienced a 10% decline, falling to $2.82. Solana (SOL) and Binance Coin (BNB) followed suit, with drops of 12.01% and 6% respectively. Dogecoin (DOGE), Cardano (ADA), and TRON (TRX) were also down, though to a lesser extent, continuing the overall negative trend in the market. 

Bitcoin has struggled to stay above the $100,000 mark, spending more time below this level than above it. Over the past two months, the market has shown increasing signs of indecision, creating one of the more challenging periods in this bull market. 

The Fear and Greed Index shows that sentiment is still in a greedy state, although there was a brief period of neutral sentiment on January 10th. The market is stuck in a wide range, with Bitcoin fluctuating between $89,000 and $109,000. This range-bound price action could indicate that the market is waiting for a reset in sentiment. Once the market cools down and sentiment shifts, a clearer direction for Bitcoin could emerge.

Will The Bulls Takeover: Market Data and Key Events

This week, key economic events will likely contribute to market volatility and interest rate decisions from both the US and Canada will be watched closely. If there is any unexpected change in these rates, it could surprise the market and create significant price movement, especially in the crypto space. 

While the Canadian rate decision might not have as much impact, all eyes are on the US interest rate announcement. These events could trigger high volatility and set new short-term price trends for Bitcoin.

FAQs

Why did Bitcoin (BTC) drop below $100,000?

Bitcoin’s decline is due to market indecision, fluctuating sentiment, and a wide price range between $89,000 and $109,000.

What impact will US interest rate decisions have on cryptocurrency prices?

US interest rate changes can lead to market volatility, influencing investor behavior and potentially driving significant price shifts in cryptocurrencies.

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Recent Posts

Pi Network News: 337M Pi Token Unlock in July – Major Sell-Off Coming

Pi Network, once seen as a quiet underdog, is now facing one of its biggest…

June 29, 2025

XRP Price Prediction As Bulls Prepare For Final 2025 Breakout

The price of XRP is showing bullish signs but remains stuck within a tight range.…

June 29, 2025

Pi Network News: Banxa’s $19M Liquidity Boost Fails to Lift Price, What’s Next?

The Pi Network has been making headlines lately, but its price action isn't living up…

June 29, 2025

Undervalued Crypto With Real Utility? This $0.03 Lending Token Could Do What Binance Coin (BNB) Did in 2020

In the crypto space, utility-driven tokens have historically demonstrated explosive growth, with Binance Coin (BNB)…

June 28, 2025

Will XRP Price Hit $5 in 2025?

After nearly four years, Ripple has officially ended its long-running legal battle with the U.S.…

June 28, 2025

Altcoin Bull Run Ahead? Top Analyst Says the Bottom Is In!

Altcoins may have just hit rock bottom — and that might be great news for…

June 28, 2025