TL;DR
- Bitcoin fell to $86,000, a five-week low, posting a 0.7% decline, trading near $87,800, while volume jumped 172% to $48 billion.
- The correction started from $95,500, moved through $92,000 and $87,000, and deepened after Trump’s tariff threats and shutdown rumors in the United States.
- While altcoins pulled back and Ethereum dropped to $2,900, RIVER surged 40% in 24 hours, 230% on a weekly basis, and 2,100% over the past month.
Bitcoin recorded a new episode of volatility driven by a combination of political and macroeconomic factors that pressured the market over the weekend. The price fell to $86,000, its lowest level in five weeks. Despite the drop, it trades around $87,800, still down 0.7%. Trading volume surged 172% to reach $48 billion.
The correction began a week earlier, when Bitcoin dropped from levels above $95,500 to the $92,000 area within hours, coinciding with the opening of traditional financial markets. In the following days, selling pressure persisted and pushed the price down to $87,000 on Wednesday. A subsequent rebound drove a temporary move toward $91,000, but the rally lost momentum and BTC returned to trading below $90,000.
Trump Worsened Bitcoin’s Decline
Over the weekend, the situation deteriorated further due to new factors. On Saturday, Donald Trump threatened to impose 100% tariffs on Canada if the country proceeds with a trade agreement with China. At the same time, reports circulated about a potential shutdown of the US government following unrest in several states. After these developments, BTC extended its decline and hit a low of $86,000 on Sunday night, its lowest level since December 19.
Bitcoin’s market capitalization currently stands near $1.75 trillion. Its dominance over altcoins remained stable at around 57.5%, showing no significant change despite the broader market pullback.
Altcoins in the Red
Most altcoins traded lower, though losses were relatively modest. Ethereum lost the $3,000 level last week and fell to $2,900. BNB declined to $873, while XRP dropped below $1.90. However, SOL, ADA, and XMR posted the steepest losses. Solana fell 3% and trades around $122. Cardano slipped 2.1% to approximately $0.347. Monero trades near $473 after dropping nearly 5%.
In contrast to the broader market, RIVER showed a decoupled performance. The token jumped 40% over the past 24 hours, posted a 230% weekly gain, and rose nearly 2,100% over the past month. Its price reached $84, with a market capitalization exceeding $1.6 billion.
Overall, the total crypto market capitalization fell to $2.97 trillion, after a daily decline of roughly $30 billion, according to CoinGecko data
