Bitcoin’s price is struggling and couldn’t convincingly break the $90,000 mark. After several attempts, it has reverted into a retracement phase, with many cryptocurrencies feeling the pinch.

Bitcoin’s Challenge with $90K

Despite efforts to push above $90,000, Bitcoin faced declines of roughly 2.5% in the previous day, with its current value around $87,500. Liquidations during this time reached approximately $250 million, largely affecting long traders.

This downturn occurred after a peak of $90,536, indicating a challenging market environment as we head towards the end of 2025, with predictions suggesting a loss around 22% this quarter, the worst since 2018.

Altcoin Market Declines

The altcoin market mirrors Bitcoin’s struggles, with Ethereum also unable to sustain its $3,000 level, sitting close to $2,950. Other cryptocurrencies like SOL, TRX, and DOGE face declines between 1.5% to 2%. Notably, Midnight (NIGHT) suffered a steep 21% decline.

Markets React

The overall cryptocurrency market shows a significant decline amid broader economic pressures and technical analysis pointing towards a fragile state in the immediate future.

Market Trends

Source: TradingView

Upcoming Observations

Investors are advised to monitor the market closely due to its current volatility and potential changes in positioning as we advance through Q4.