Crypto markets extended their retreat today as the Bitcoin price hovered near a seven-month low at $88,890 — down 4% on the day and trading near the bottom of its weekly range.
Bitcoin price is struggling to hold $93,000 as thin liquidity, leverage-driven volatility, and a critical break in market structure fuel one of the most bearish stretches of the 2025 cycle.
Bitcoin price briefly fell below $90,000 overnight before rebounding to the $94,000 range, trading near its weekly high, with over 19.95 million BTC mined — exceeding 95% of its 21 million supply.
Amid crypto panic and a BTC drop below $95,000, Michael Saylor denied rumors that Strategy was selling bitcoin, confirming the company is accelerating purchases and hinting at surprising upcoming activity.
Bitcoin price plunged to the $102,000s on Tuesday after briefly topping $107,000, retreating despite initial gains from government reopening news and potential tariff checks, as mixed market sentiment weighed on Bitcoin.
Bitcoin price dipped below $104,000 after briefly rising above $106,000, as traders weighed Trump’s proposed $2,000 “tariff dividend” stimulus, ongoing government reopening, and key technical levels near $99,000 support and $109,000–$111,000 resistance.
Bitcoin price surged above $106,000 after Strategy disclosed a $49.9 million purchase of 487 BTC, boosting its total holdings to 641,692 BTC worth $47.54 billion.