Key Insights

• Bitcoin is experiencing significant selling pressure, leading to a drop towards critical support at $73,777.
• Major altcoins have also fallen below important support levels, indicating bearish control.

Bitcoin (BTC) tried to recover on Friday, but the bearish trend persisted as the price fell to $80,000. The market sentiment remains negative due to the recent downturns in U.S. stock markets, driven by concerns over inflated valuations, particularly in the AI sector. Moreover, expectations for a Federal Reserve rate cut have drastically decreased, affecting market dynamics.

Price Predictions for Major Cryptocurrencies

Bitcoin Analysis

BTC breached multiple support levels, dropping to $80,600. It is crucial for buyers to defend the $73,777 level. A breakdown may lead to significant declines.

Ethereum Outlook

Ethereum (ETH) closed below $3,000, which opens the possibility for a slide to $2,500. A relief rally could occur if the price bounces back.

XRP Status

XRP has fallen below key support levels and may descend to $1.61 unless buyers can regain momentum.

BNB Perspective

BNB continues under bearish pressure as sellers attempt to keep the price below $860. A close beneath this level could drive prices further down.

Solana and Dogecoin Trends

Solana (SOL) is battling to stay above $126, while Dogecoin (DOGE) finds itself at a crucial juncture between $0.14 and $0.29.

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This article does not provide investment advice. Each trading decision involves risk, and readers are encouraged to conduct thorough research.