Bitcoin Dropped Below $90,000, Crypto Markets Shaken

Crypto Markets Downtrend Continues

Bitcoin has failed to sustain its early week rally, dropping to $90,000 levels. The cryptocurrency markets continue to lose value despite the interest rate cut made by the Federal Reserve.

Additionally, reports indicate that over $514 million in leveraged positions have been liquidated. This situation has also led to a decline in the value of major tokens, especially Ethereum and Solana.

Analysts Share Their Expectations

Experts indicate that for Bitcoin to signal a strong recovery, it needs to surpass the $94,000 level. Due to the current macroeconomic conditions and liquidity issues in the markets, anxiety prevails among investors.