Crypto majors are very red following a red Tuesday across markets; BTC -3% at $88,200; ETH -6% at $2,905, SOL -2% at $127; XRP -2% to $1.88. MYX (+11%) and ZRO (+10%) led top movers. Bitcoin and Solana
The crypto market faced broad selling pressure on Tuesday, with Bitcoin falling below a key technical support level, dipping to around $88,200. The post-inauguration rally failed to sustain, and market sentiment has turned cautious.
Bitcoin fell roughly 3% intraday, while Ethereum saw steeper losses, dropping 6%. SOL and XRP each shed 2%. Technically, both Bitcoin and SOL broke below key support levels, signaling intensifying short-term selling pressure.
While mainstream coins bled red, MYX surged 11% and ZRO climbed 10%, standing out as rare bullish outliers. Analysts point to capital rotation into certain altcoins as Bitcoin pulls back.
Earlier this week, U.S. President Trump addressed the World Economic Forum in Davos, signaling a friendlier stance on crypto regulation, providing some market support. Meanwhile, MicroStrategy founder Michael Saylor struck again, deploying approximately $2.13 billion to accumulate more Bitcoin, underscoring his conviction in the asset's outlook.
Crypto analysts warn that the market has entered a high-volatility zone. Traders should monitor whether Bitcoin can reclaim the $90,000 level—failure to do so could extend the short-term correction.
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