Bitcoin price today crashes 2.24% to $90,390! Crypto market falls 2.01% hitting $3.06T. Ethereum plunges 4.87%, Solana slips – investors hit profit-taking button.
Bitcoin Price Drop
Bitcoin trades at $90,390.35 showing 2.24% decline over 24 hours. CoinMarketCap data confirms morning dip around 10:38 AM IST. However, weekly gains hold at 0.75% positive. Fed rate cut sparked brief rally earlier this week.
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Altcoins Tumble
Ethereum leads losses with 4.87% drop to $3,091.43. Solana falls 3.14% reaching $132.90. BNB slips 0.32% while Tether stays stable at $1.00. Therefore, broad market correction hits majors hard. Smaller coins likely suffer more.
| Coin | Price (USD) | 24H Change |
|---|---|---|
| Bitcoin | $90,390 | -2.24% |
| Ethereum | $3,091 | -4.87% |
| Solana | $132.90 | -3.14% |
| BNB | Recent | -0.32% |
Market Crash Reasons
Federal Reserve rate cuts fueled initial crypto surge. However, RBI’s strict regulatory stance cools enthusiasm quickly. Investors book profits aggressively after recent gains. Meanwhile, global risk-off sentiment adds pressure across assets.
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FAQs
Q1: Why Bitcoin falling today?
Profit booking after Fed rate cut rally plus RBI regulatory pressure triggers 2.24% drop to $90K.
Q2: Ethereum worse hit?
Yes, ETH down 4.87% to $3,091 – altcoins typically amplify Bitcoin corrections.
Q3: Market bottom near?
Weekly Bitcoin still +0.75% – watch $88K support before calling reversal.
Disclaimer: Crypto investments carry high risk. Always consult financial experts before trading.
