Although 2026 starts well for cryptocurrencies, it continues to be bad. Bitcoin broke down after recovering from a 3-month narrow range. This was helped by the Fed’s new chairman, FUD over Binance, and Iran tensions. So what’s the next goal? How much did cryptocurrencies lose in the last decline?
Bitcoin and Cryptocurrencies
Many altcoins continue the day with a loss of 10 percent and BTC It fell 8%. The price, which just touched $69,163, is now much closer to the $56,000 target. BTC, which experienced dizzying losses after the 98 thousand dollar test, aims for bigger bottoms by turning every attempt to rise into a selling opportunity. The fact that the new Fed President is not pro-QE, the fact that tomorrow’s US-Iran meeting is already hanging by a thread, and the ongoing FUD about Binance on social media pushed investors to step aside.
ETH now targets $1,800 and XRP Coin It fell below $1.4. SOL Coin is just above the key $88 support. There was a liquidation of $100 million in the last hour alone, and daily liquidation has just exceeded $1 billion. Liquidations worth tens of billions of dollars since October 10 seem to have caused the bulls to give up.
Duke ETF outflows were over half a billion dollars, and considering the ETF cost was $82,000, we could see more investors turning to selling to cut losses.
