Bitcoin Briefly Crashes Below $90,000 As Ethereum, XRP, Dogecoin Drop Causes $1B In Liquidations

Benzinga

Bitcoin briefly broke below $90,000 amid over $1B in liquidations before recovering above $91,000, with heavy ETF outflows dragging the market. Traders watched the $88K–$90K zone for a potential bottom as Solana outperformed, Ethereum weakened, and meme coins slid.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Bitcoin dipped below $90,000 early Tuesday before rebounding above $91,000 as more than $1 billion

00:09in liquidations hit the crypto market, according to Benzinga. Spot Bitcoin ETFs saw $254.5 million

00:17in outflows on Monday, and Ethereum ETFs posted $182.8 million in outflows.

00:23Ted Pillow said Bitcoin's break below $90,000 filled the CME gap and placed the $88,000

00:30to $90,000 zone in focus for a potential local bottom.

00:34Cryptos F said Whale buying near $89,000 usually signals weak holders capitulating while stronger

00:40buyers quietly prepare for the next move. Solana began outperforming Bitcoin, while Ethereum

00:45showed structural weakness with failed breakouts and accelerating breakdowns.

00:50XRP could rally once Bitcoin stabilizes and meme coins fell 1.5% to a $50.5 billion market

00:56cap.

00:57For all things money, visit Benzinga.com.

Category

Transcript

Be the first to comment

Recommended