Bitcoin traded around $66,000 on Friday, extending recent weakness and heading toward a fourth consecutive weekly decline as investors remained cautious amid broad risk-asset softness and ahead of key U.S. inflation data due later in the day.
According to their assessment, such a rapid weakening of momentum has historically occurred during periods of real market pressure, rather than during ordinary corrections.
After the renewed downward movement on February 3, most digital assets declined significantly. The total market capitalization of tokens and coins fell by 22%, reaching its lowest level since October 2024 at $2.05 trillion. However, on Friday the market began to rebound and recovered part of the losses.
The scale of Bitcoin’s correction differs significantly from the declines of previous years, when the market lost up to 80% of its value, the businessman recalled. According to him, the leading cryptocurrency has become a much more mature financial instrument, and its volatility has roughly halved in recent years.
The collapse in Bitcoin’s price has changed the market situation: bets on its decline are now traded as actively as bets on its rapid rise above $100,000.
In late January, Bitcoin came under notable pressure as sellers maintained control of the market. After an unsuccessful attempt to reach the recent peak of $97,900, the price moved sharply lower.
In recent days, Dogecoin (DOGE) has dropped below the clearly defined levels of $0.1258–$0.1260. This situation points to a decisive shift in market structure after the support level was broken. Aggressive sellers stepped in, pushing the memecoin’s price down to the $0.12 level, followed by a minor rebound.
The cryptocurrency Solana (SOL) is approaching a critical inflection point as price action compresses into a structure with a narrowing apex. After an extended period of consolidation around the $122 support level on higher timeframes, the market is showing clear signs of compression rather than directional movement.
Bitcoin edged higher on Wednesday, trading above $88,000 after small losses earlier in the week. However, gains remained limited as persistent outflows from U.S. exchange-traded funds (ETFs) and uncertainty over the interest rate path of the Federal Reserve (Fed) kept investors cautious.
The cryptocurrency market continues to search for a direction following recent volatility, while traders closely monitor price behavior near key psychological levels.
Several analysts have pointed out increasing momentum in the XRP cryptocurrency, which may lead to a renewed bullish move in the future. Analyst ChartNerd highlighted technical structures on the daily XRP/USD chart that indicate a potential resumption of price growth. Two indicators — the daily 20-day EMA and the lower trendline — may determine XRP’s next move.
Dogecoin broke through the critical support level of $0.1350 on exceptionally high selling volume, then quickly rebounded — signaling high volatility and an active battle between distribution and opportunistic accumulation.
Bitcoin fell below $83,000 during the first 24 hours of December, continuing the correction seen in recent days. The leading cryptocurrency lost 10% over four days, prompting analysts to revise short-term forecasts and identify new key support levels.
The cryptocurrency market has plunged into panic: Bitcoin is heading toward its worst monthly performance since the wave of major corporate bankruptcies in 2022. Investors are withdrawing funds en masse, and analysts are warning about risks for the largest asset holders, Bloomberg reports.
Bitcoin edged higher on Wednesday after sharp losses in the previous session, hovering near seven-month lows as traders remained cautious ahead of key U.S. employment data and further signals on Federal Reserve policy.
The largest cryptocurrency reached a low of $89,253 on the Binance exchange, marking a 29% decline from its all-time high, recorded on October 6. Ethereum also dropped to $2,946, demonstrating overall weakness in the crypto market.
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