Why is the Crypto market going down? Will the Bitcoin price reach the pivotal support below $99,000? Here’s what the market participants are looking for at the moment, as the entire crypto market has been painted red. Most of the cryptos have recorded massive losses, including XRP, ADA, PEPE, LINK, SUI, and many more. Some altcoins like AIOZ Network, Jupiter, Bittensor, etc. are holding strength. Meanwhile, the star crypto has again reached the threshold and an extended negative approach may slash the BTC price below the crucial resistance at $99,000 soon.
On the other hand, the constitutions are constantly accumulating Bitcoin as the spot ETF volume has seen a significant rise. Bitcoin ETFs gained $1B in inflows after Trump’s inauguration as the new President, bringing it to $4.2B inflows so far in 2025. Besides, Michael Saylor wants to buy more Bitcoin after Microstratergy accumulated nearly 14,600 BTC since the start of 2025. Regardless of this, the BTC price struggled hard to revamp a strong ascending trend and mark a new ATH.
The BTC price has begun the weekly trade on a bearish note, which could have made the market participants pessimistic. As a result, the markets expect to possess high volatility this week and here’s why so.
The crypto markets are expected to undergo a roller coaster ride this week with FOMC, GDP, PCE, unemployment, and more on the horizon. These events are expected to induce some confidence among traders and also test Bitcoin’s resilience or rally. Therefore, it would be pivotal whether these events will catalyse a surge or retreat.
Meanwhile, the current bearish action is expected to prevail for some time to as low as $70,000 to $75,000, as predicted by Arthur Hayes, co-founder of Bitmex. However, the founder further states that this could be just a correction as the BTC price is pre-programmed to surge and mark a new ATH at $250K by the end of the year. Hence, the ongoing correction could be a temporary phase that could further trigger a strong crypto bull run, pushing the global market capitalisation beyond $4 trillion soon.
