Why Is the crypto market down today? Bitcoin, Story (IP) & market analysis
Crypto market dip today? Bitcoin holds steady while Story (IP) sees a correction. Get the latest price analysis and market insights now!
Bitcoin Holds Firm, Altcoins Under Pressure
aThe crypto market is taking a clear pause after the bullish momentum at the start of the week. Total market capitalization is hovering around $3.08 trillion, reflecting less of a panic and more of a short-term risk tightening. This phase resembles a technical consolidation rather than a major macro correction.
In this context, Bitcoin is fully playing its role as a relative safe-haven asset. It maintains stable performance while investors take profits on the most speculative segments of the market. This capital rotation toward BTC is typical of phases where volatility contracts.
This divergence mechanically intensifies pressure on altcoins. When Bitcoin consolidates without correcting violently, liquidity withdraws from secondary assets, causing rapid but often disorderly declines. The market isn’t collapsing: It’s breathing, at the cost of significant pain for alt holders.
Story (IP), Zcash and Key Levels to Watch
Story (IP) is drawing attention after a brutal drop, logical given its rally of nearly 100% in one week. Buyer exhaustion, highly speculative volumes particularly from Asia, and still-weak fundamentals explain this reversal. The token is now testing major support levels, with a risk of returning toward $3 if the structure doesn’t stabilize.
The phenomenon isn’t isolated. Zcash (ZEC) is also experiencing marked selling pressure, amplified by internal uncertainties. The market is becoming selective: projects perceived as fragile are being punished without mercy, while Bitcoin dominance gradually rises.
Everything now hinges on BTC’s key levels. A solid defense of the $90,000 – $91,000 zone would maintain the bullish structure and could pave the way for renewed appetite for quality altcoins. Conversely, a close below $88,000 would reinforce the scenario of a deeper correction toward $82,000. In this uncertain climate, patience and risk management remain essential.
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Simon Dumoulin
Passionate about cryptocurrencies since 2019, I cover the latest news through clear and accessible articles. My goal is to make crypto understandable for everyone, with reliable and well-researched content.
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This article is for informational purposes only and should not be considered as investment advice. Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.
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