Bitcoin 
$96,065.54 Its price dropped to $94 thousand a few minutes ago and we are in another nightmare day for altcoins. Bitcoin, which dropped to its levels in May, accelerated sales especially in the last 2 hours. The coming hours are very important. So what’s happening with cryptocurrencies? What’s going on with cryptocurrencies?
Bitcoin (BTC) Falls
Bitcoin, which dropped to the prices it last saw in May 2025, set its lowest price of recent times at $94,022. In fact, it is not possible to say that it has determined it, because there was a rapid decline 2 hours ago, and although it tried to fill the wick, the bottom was pulled down because the sellers were dominant, and it has only been roughly half an hour since the bottom of the day was determined.
While recommendations in the last 24 hours exceeded $ 380 million Ethereum 
$3,216.28 It is at risk of losing the 3 thousand dollar limit again. altcoins Since it cannot find an opportunity to recover from the ongoing BTC decline, it constantly sets deeper bottoms. Nothing important happened in the last 2 hours, only US Treasury Secretary Bessent said that the agreement with China would be completed by Thanksgiving. There is the biggest weakness on the yuan side in decades and nothing major on the crypto side.
BTC $91,200 is important on the weekly chart, and there was a serious struggle to maintain it for the continuation of the rise during the early tariff concerns. Even after the tariff bottomed out at around 75 thousand dollars in March this year, we never returned to the current region.
decline in April Trump’s It was about the announcement of tariff rates that were much crazier than expected, and we went through very difficult times. Just when we thought a 12-month agreement had been reached with China, we are now faced with such a situation due to the possible cancellation of tariffs by the Supreme Court, the possibility of a break in interest rate cuts and the weakening of buyers.
To weekly closing As we move forward, we can see that the bears are struggling for the candle at $ 91,200 and below. It is possible that the activity will increase in the coming hours. If these declines do not mean the beginning of bear markets, we should see deeper bottoms only as lower wicks on the daily. The price should not linger further below 98 thousand dollars. Since the weekly candle is very large compared to the March-April decline, it is essential to see consolidation near this area for at least a few weeks and then a return.
We shared the important developments awaiting cryptocurrencies in the coming days and the details to pay attention to in 2 separate news stories. If you examine these, you can understand the calendar of the next 7 days well and take a position accordingly. For now, this movement is not being driven by developments on the macro front, but by the pressure of crypto speculators. It is easy for US and Asian investors as their appetite has weakened considerably. Tom Lee thinks these speculative moves are being made to force one or more of the market makers out of the woods.
