Cryptocurrency Market: After a Decent Rally Last Day, Bitcoin (BTC) Fell Below $85,000

Bitcoin, Ethereum, Solana And Other Cryptocurrencies Price Today: Bitcoin was trading at $84,575.80, falling 1.43 in the last 24 hours, while Ethereum lost the $2,000 threshold to trade at $1981.80

Cryptocurrency prices dragged in the last 24 hours as the U.S. president made no new announcements for the crypto depository at the Digital Asset Summit 2025. The crypto market saw decent gains last day, driven by the U.S. Fed's decision to keep the interest rate.

Bitcoin fell below the $85,000 mark and Ethereum slipped down the $2,000 mark today. Solana also tanked over 4% over the last day. The broader crypto market also faced selling pressure, with key altcoins down 1-4% today.

At the time of writing global crypto market cap stood at $2.76T, down 1.71% over the last day. In the last 24 hours, the total crypto trading volume was $75.86B, which is a 27.52% decrease compared to the last numbers.

Meanwhile, the total volume in DeFi was around $5.47B, which makes 7.21% of the total crypto volume in the 24-hour time frame. The volume of all stablecoins was $74.26B, contributing 97.89% of the total crypto market 24-hour volume.

"Bitcoin got rejected at $86,500, a key resistance level and is back below $85,000. This slight pullback was aided by the lack of new announcements from Trump during his crypto conference address. Bitcoin spot ETFs recorded modest outflows today, reversing the streak of inflows," said Vikram Subburaj, CEO, of Giottus Crypto Platform.

Bitcoin, Ethereum, Solana And Other Cryptocurrencies Price Today

Bitcoin was trading at $84,575.80, falling 1.43 in the last 24 hours, while Ethereum lost the $2,000 threshold to trade at $1981.80, tanking over 1.9% over a day. Solana tanked as much as 4% in 24 hours to trade at $128.28. Meanwhile, Dogecoin, Pi Network, BNB and Cardano were down up to 2%.

"Bitcoin needs to reclaim and hold $85,000 to maintain its market structure. Market makers may target long liquidation levels at $83,500 and $82,900 before Bitcoin can bounce," said Vikaram Subburaj.

"In the past 24 hours, Bitcoin (BTC) experienced notable volatility, dropping to $84,571 following President Trump's speech at the Digital Asset Summit. While Trump's address reaffirmed his support for the crypto industry and the proposed Crypto Strategic Reserve initiative, it failed to spark new bullish momentum as investors had largely anticipated these points. Despite this dip, derivatives trading data indicates that significant reversals are unlikely, with bullish sentiment remaining strong among traders. The market is showing resilience, with short liquidations outpacing long positions, suggesting continued confidence in BTC's recovery potential," said Shivam Thakral, CEO of BuyUcoin.