Bitcoin Fell Below $90,000, Crypto Markets Shaken

Cryptocurrency Markets Continue to Decline

Bitcoin has failed to maintain the momentum from its early-week rise, dropping back to the $90,000 level. The cryptocurrency markets continue to lose value despite the interest rate cut made by the Federal Reserve.

Furthermore, it is reported that over $514 million in leveraged positions have been liquidated in the markets. This situation has also led to a decline in the value of major tokens, including Ethereum and Solana.

Analysts Revealed Their Expectations

Experts state that for Bitcoin to provide a strong reversal signal, it needs to break above the $94,000 level. Due to the current macroeconomic conditions and liquidity issues in the markets, there is a prevailing sense of concern among investors.