The cryptocurrency market extended its decline into Monday, with Bitcoin (BTC) falling 3.6% to around $86,230 amid thinning liquidity and renewed risk aversion. The latest move follows a volatile weekend in which BTC traded below widely watched support levels, underscoring a broader sell-off that has reduced the sector’s total market capitalization from prior highs, according to widely cited market data.
As the Crypto Fear & Greed Index dipped to a chilling 16, firmly in “extreme fear” territory, attention has also turned to smaller projects that claim to offer product utility, including Digitap ($TAP). Project materials describe it as a fiat-to-crypto bridge with banking-related features, though such offerings can involve significant regulatory, operational, and market risks.
BTC’s Weekend Dip Below $90,000
The weekend’s price action reflected weaker momentum. On Saturday, Bitcoin traded in a tight range, peaking at $90,648 before closing slightly lower at $90,299. Sunday saw deeper losses, with BTC moving from an opening of $90,296 to a low of $87,635, extending the weekend decline.
Bitcoin price decline. Source: CoinGecko
Low weekend liquidity appeared to exacerbate the move, with 24-hour trading volume around $33 billion. Ethereum (ETH) also traded lower, slipping 1.8% to $3,104, while Toncoin (TON) and Solana (SOL) posted declines of 4.1% and 3.9%, respectively.
The recent action follows a broader downturn since October, amid factors often cited by market participants such as ETF outflows, leveraged liquidations, and shifting expectations for the Federal Reserve (Fed) interest-rate path. Analysts at Standard Chartered have also revised year-end targets lower, pointing to reduced liquidity and profit-taking.
With BTC dominance recently reported at 58.7%, some market participants have been monitoring activity in alternative tokens and early-stage projects. Digitap ($TAP) is among the projects currently drawing attention, based on its stated focus on payments and consumer-facing tools.
Digitap: Banking and Payments Features (Project-Reported)
Digitap is a crypto project that says it is building a consumer-focused platform intended to connect traditional fiat payments with crypto services. The project describes its product as an “omnibank” model that uses blockchain components alongside more conventional payment rails.
According to the project, the platform includes an exchange component and a digital wallet designed to hold both fiat and crypto assets within a single interface.
Digitap also claims it plans to offer a payment card and support mobile-wallet spending (such as Apple Pay or Google Pay), with crypto-to-fiat conversion features. Availability, supported regions, and compliance requirements can vary significantly depending on partners and jurisdiction.
Project materials also reference “DigiTag,” a username-based feature for peer-to-peer transfers, and describe fee reductions and rewards that may be tied to $TAP holdings. The project additionally describes tokenomics mechanisms such as buybacks and token burns; however, any impact on price, liquidity, or long-term sustainability is uncertain and depends on execution and market conditions.
$TAP Token Sale: Key Claims and Participation Risks
Digitap is conducting a $TAP token sale. The project states it has raised over $2.5 million in commitments and that more than 120,000 wallets have purchased tokens, though these figures were not independently verified in this article.
The project describes $TAP as a utility token tied to ecosystem features such as governance voting and access to certain platform tiers, and it also references rewards-related functionality. Terms, eligibility, and availability may change, and such features can introduce additional technical and market risks for participants.
Digitap has also promoted short-term marketing incentives tied to its token sale and card-related perks. Readers should review any terms directly from the project and consider that incentives can change or expire.
Website (for reference): https://digitap.app
Social (for reference): https://linktr.ee/digitap.app
This article is for informational purposes only and does not constitute financial or investment advice. This outlet is not affiliated with the project mentioned. As with any initiative within the crypto ecosystem, readers should do their own research before participating and carefully consider the risks.
