Bitcoin Falls Below $96K and TRUMP Crashes Again – What’s Next? 🤔

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Ah, the crypto rollercoaster we all know and love! On Friday, Bitcoin (BTC) had a moment of sheer rejection at $98,000 – it’s as if the universe itself said, “Nope, not today!” And thus, the poor thing plummeted to a rather pitiful multi-day low, dipping below $96,000 earlier today. Ouch. 😬

And what about the altcoins? Well, they’re not doing much better. A sea of red is sweeping across the market, with the particularly tragic tale of SUI – down by a whole 5%! It’s now crawling along at a meager $3.2. Poor SUI…

BTC Slips Beneath $96K

Once upon a time, last Tuesday, Bitcoin was feeling pretty proud, soaring above $90,000. And, just like that, it didn’t look back. BTC kept climbing like a determined mountain goat, reaching a local peak of $96,000 on April 25. But then… wait for it… the consolidation phase. For a solid week, it was stuck in the tightest range ever seen – between $93,000 and $95,000. A real cliffhanger, right? 😅

For a brief, hopeful moment, BTC flirted with the idea of breaking above the upper boundary. Thursday saw a glorious surge to $97,500, and even $98,000 on Friday – its highest point in two months. But alas, the bears were lurking, and they shoved it down by more than two grand, despite some promising on-chain whispers hinting at a potential rally.

So, here we are now, watching BTC struggle beneath $96,000. It’s like trying to climb a mountain in a pair of flip-flops. The market cap has slumped to $1.9 trillion, and its dominance over the altcoins is still holding strong at 61.7%. Not the worst, but certainly not the best either.

TRUMP Keeps Dumping

Now, let’s talk about TRUMP, shall we? Because, of course, it’s falling again. Down by a shocking 14% in the past 24 hours. I mean, seriously, at this point, calling it a “project” feels like a stretch. It’s more like a rollercoaster that only goes down. After all the controversy surrounding its dinner invitation (yes, you read that correctly), TRUMP seems to be living up to its name by crashing harder than a party with no cake. 🍰

Meanwhile, most of the altcoins are dragging their feet, with XRP, BNB, SOL, DOGE, ADA, TRX, and LINK all losing some ground. Price drops of up to 3% are the theme of the day. But let’s not forget SUI and AVAX, who are leading the sad parade with a 5.6% and 4.2% drop, respectively. SUI is now scrounging around $3.22, while AVAX struggles to hold onto its $20 value. Honestly, it’s like watching a slow-motion trainwreck. 😬

And to top it all off, the entire crypto market cap has shed about $25 billion since yesterday. A small loss, right? Well, not when the total market cap now rests at a modest $3.075 trillion. Talk about an expensive day at the office!

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2025-05-04 12:20