Haciyev Reşit 
The leading cryptocurrency, Bitcoin, fell below the $90,000 level as investors’ risk aversion increased ahead of upcoming macroeconomic developments. Heightened uncertainty in global markets has weakened appetite for crypto assets. Low liquidity during weekend trading made price movements more sensitive and volatile, further highlighting investors’ cautious stance.
Low Liquidity and Weak Altcoin Performance Stand Out
During calm Sunday trading, Bitcoin slipped below $90,000, trading around $89,600. The 24-hour decline was approximately 0.9%, while the weekly loss remained limited. On a monthly basis, however, Bitcoin is still down around 7.6%.
Some analysts warn that the loss of key technical support could deepen Bitcoin’s decline. Crypto analyst Ali Martinez identified $86,000 as a critical support level for Bitcoin:
“Breaking below $86,000 could open the way for a sharper pullback in Bitcoin.”
Ethereum showed relative strength. Despite intraday declines, Ether held around $3,100 and gained over 2% in the past seven days, outperforming Bitcoin. In contrast, major altcoins such as Solana, XRP, Dogecoin, and Cardano (ADA) remained weak, all experiencing daily losses and maintaining double-digit monthly declines. The CoinDesk 20 Index (CD20) fell by about 1%.
Market Data: Cautious Wait-and-See Mode
The total crypto market capitalization stood at $3.15 trillion, with 24-hour trading volume around $89 billion. This relatively low volume reflects limited weekend trading activity and a cautious market sentiment. Low liquidity makes price movements more fragile and short-term volatility more noticeable.
Bitcoin dominance remained around 57%, indicating that while investors generally avoid risky assets, they continue to hold positions in the largest digital asset seen as a safe haven. Weakness in altcoins and capital concentrating around Bitcoin highlight a noteworthy market dynamic.
Macro Developments Weigh on Markets
The cautious market sentiment is driven by a busy macroeconomic calendar in the coming days. In the U.S., investors will closely watch unemployment rates, ADP employment data, weekly jobless claims, inflation figures, and PMI reports. Statements from Fed officials Stephen Miran and Christopher J. Waller could also influence markets.
Globally, attention is on Japan. The Bank of Japan (BOJ) is expected to raise interest rates at its upcoming meeting. According to Reuters, the market anticipates an increase to 0.75%. This potential move could indirectly affect global risk assets, including cryptocurrencies, via yen-funded carry trades.
Overall Assessment
Bitcoin and the broader crypto market are currently moving within a narrow price range, with low volume and limited risk appetite. Investors are awaiting clearer signals from the U.S. and global central banks, and the cautious short-term outlook is expected to continue. Bitcoin’s price, macroeconomic data, central bank decisions, and global risk appetite will remain key factors shaping market direction in the coming days.
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