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

Cardano (ADA) Price Prediction: ADA Targeting $5 by 2025 With Growing Attention on Ozak AI’s Presale Surge

Cardano (ADA), one of the most prominent Layer-1 blockchain platforms in the crypto space, is…

July 20, 2025

The $500M Dogecoin Treasury Nobody Is Talking About, Is $2.50 A Realistic Price Target For DOGE This Bull Run?

Dogecoin price has surged after news of a 500 million dollar DOGE treasury, while traders are…

July 20, 2025

Finding The Next Shiba Inu? Analysts Pick The 3 Coin Most Likely To Turn $100 Into $10,000 In 2025: Pengu, Pi and RTX

Crypto analysts are searching for the next 100x crypto that can deliver gains similar to…

July 20, 2025

XRP ETF Approval and Ripple IPO Happening in 2025?

XRP is making headlines again, and this time it’s not just about price action. Crypto…

July 20, 2025

Shiba vs Dogecoin vs Pepeto price prediction: Which Coin Will Lead the Next Bull Run?

Two cryptocurrencies, Dogecoin and Pepeto, are making headlines in the crypto world. Dogecoin (DOGE) has…

July 19, 2025

4 Coins to Turn $4,000 Into $800,000: Ripple (XRP) Did It Before, Here’s What Could Do It Next

XRP catapulted to $3.84 ATH from its low price—an increase that turned a modest $4,000…

July 19, 2025