Why Is The Crypto Market Down Today?

The total crypto market cap (TOTAL) fell as the weekend ended with liquidations and Monday began on a similar note. Bitcoin (BTC) slid below $92,500 as a result, and among altcoins, Celestia (TIA) ended up facing a 13% crash.

In the news today:-

• Trove Markets is under scrutiny after allegedly selling over $10 million worth of $HYPE tokens within 24 hours, shortly after raising $20 million via an ICO to secure its HIP-3 deployment on Hyperliquid. On-chain data shows the sell-off began with an initial sale of 6,196 $HYPE, valued at around $160,000, raising concerns about token distribution and project intent.
• Strategy Inc. has hinted at an even larger Bitcoin purchase after its recent $1.25 billion acquisition of 13,627 BTC. Michael Saylor’s “Bigger Orange” post on X is widely seen as a signal that the company plans to surpass that latest buy.

The Crypto Market Falls

The total crypto market cap has fallen by nearly $98 billion in the past 24 hours as Bitcoin’s decline triggered a broad market sell-off. This risk-off move pressured major altcoins and reduced overall liquidity, signaling short-term caution as investors reassess exposure amid rising volatility and macro uncertainty.

Currently, TOTAL stands at $3.09 trillion, holding above a key technical support zone. This level has acted as a short-term floor during recent pullbacks. If bearish momentum continues and selling pressure persists, the total crypto market cap could slide toward $3.05 trillion, a level tested multiple times.

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TOTAL Price Analysis. Source: TradingView

A shift in sentiment could alter the outlook quickly. Improved market conditions may allow TOTAL to bounce from $3.09 trillion and rally toward $3.18 trillion. Such a move would signal renewed buying interest, restore recent losses, and invalidate the prevailing bearish thesis dominating the short-term crypto market outlook.

Bitcoin Loses Crucial Support

Bitcoin’s price dropped below the $95,000 level it defended for several days and now trades near $92,424. The decline reflects strong selling pressure as investors reduced risk exposure. Market participants are watching whether BTC price action stabilizes or extends losses amid elevated volatility.

Momentum indicators support a bearish Bitcoin price prediction. The Money Flow Index slipped below the neutral 50 level, confirming sellers remain in control. This technical signal increases the likelihood of a further decline toward $91,298, with $90,000 emerging as a critical psychological support zone.

Bitcoin Price Analysis. Source: TradingView

If selling pressure eases, Bitcoin could find support near $91,298 and attempt a rebound. A recovery toward $93,471 would indicate renewed demand. Reclaiming that level would invalidate the bearish thesis and suggest short-term stabilization in the BTC price trend.

Celestia Is Now Worth $0.50

TIA recorded the steepest losses of the day, emerging as the worst-performing altcoin amid broad market selling. The token plunged 13% as risk aversion spread across crypto markets. Weak sentiment and declining volumes intensified downside pressure, leaving the TIA price vulnerable to further short-term volatility.

Trading near $0.50, TIA is approaching a critical support zone. A breakdown below $0.49 could push the altcoin under the $0.50 mark. The Parabolic SAR confirms an active downtrend, suggesting bearish momentum may drive the TIA price toward the next support level near $0.45.

TIA Price Analysis. Source: TradingView

A potential reversal depends on renewed buying interest at current levels. Dip buyers could defend the $0.49 support and stabilize price action. If demand strengthens, TIA may rebound toward $0.53, with $0.56 acting as the next resistance level during a broader market recovery attempt.