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Gate Square New & Returning Creator Rewards are ongoing!
Your ideas may be more valuable than you think!
Make your first post or come back post to share a $20,000 monthly prize pool!
Post with #MyFirstPostOnSquare to receive a $50 Position Voucher each
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#Sonic (S) Price and Ecosystem Growth#
Why are Bitcoin, Ethereum and Solana falling?
Over the past 24 hours, Bitcoin has fallen below $95,000, and this decline has also spread to the altcoin market. Ether and Solana have lost 4% and 9% of their value, respectively. This situation has caused great concern among investors.
The market crash is associated with macroeconomic instability. US interest rates and Donald Trump's tariffs have undermined investor confidence. In addition, a sharp drop in stock markets has accelerated the collapse in the cryptocurrency market. The S&P 500 index suffered a 2% loss last week, causing a decline related to Bitcoin.
Dogecoin has also been hit hard!
The memecoin market has not escaped this collapse either. Dogecoin has lost 7% of its value in the past 24 hours and is testing critical support levels.
Dogecoin’s decline is directly related to the overall market crash. However, declining investor interest and low trading volume are also dragging the price down. Dogecoin bulls are waiting for a new catalyst for a strong recovery.
Bitcoin in a Downtrend: When Will the Market Recover?
To recover the cryptocurrency market, investor confidence needs to be restored. In addition to macroeconomic factors, the SEC’s ETF decision and stock market movements will be crucial for prices.
If Bitcoin rises above $95,000, the market may be preparing for a new upswing. However, a large wave of liquidations is expected at $91,000. Therefore, it is important for investors to closely monitor the market movements in the coming days.