Bitcoin Dips Below $90K: What's Next for Crypto?

Bitcoin's value slipped under $90, 000 on Sunday, signaling a cautious mood among investors. This drop comes as traders brace for a week packed with important economic reports and central bank decisions. Bitcoin's price hovered around $89, 600 in the early afternoon, marking a slight decline of about 0. 9% in the last 24 hours. Despite this dip, it's still up a bit over the past week but down roughly 7. 6% over the past month. Ether, another major cryptocurrency, was trading near $3, 104, showing a small decrease for the day but a more than 2% increase over the past week. The broader cryptocurrency market wasn't very active. Solana, XRP, Dogecoin, and Cardano's ADA all saw declines, reflecting ongoing struggles among major altcoins. The total market value of all cryptocurrencies stood at nearly $3. 15 trillion, down about 0. 8% over 24 hours. Trading volumes were around $89 billion, typical for a quiet Sunday. Analysts are keeping a close eye on key support levels. If Bitcoin falls below $86, 000, it could signal a deeper pullback. This uncertainty is making traders more cautious. Upcoming economic data and central bank decisions are adding to the uncertainty. In the U. S. , investors are watching employment indicators, inflation data, and speeches from Federal Reserve officials for clues on interest rate changes. Meanwhile, in Japan, the Bank of Japan is expected to raise interest rates, which could impact global markets. For now, crypto markets are moving sideways with low trading volumes. Traders are waiting for clearer signals from the upcoming economic data and central bank decisions before making big moves.