Bitcoin’s adverse price actions returned yesterday when the asset suddenly dipped below $88,500 to mark a new seven-month low before staging a modest recovery.

Ethereum also dumped hard but has returned to $3,000, BNB ($901.74) flirts with $900, while ZEC ($692.46) continues to trade higher.

BTC ($91,705.00)’s Latest Local Low

Recall that just over a week ago bitcoin was rejected at $107,000 when the positive US developments failed to provide the necessary bullish momentum for the asset to jump past $110,000. The following ten days or so were quite violent, which began with a nosedive to under $100,000 by last Thursday.

This time, the bulls couldn’t intervene on time, and BTC kept plunging to $94,000 on the next day. It finally found some relief over the weekend, remaining sideways between $94,000 and $96,000. On Sunday afternoon, though, the bears returned and drove it further south to $93,000.

The beginning of the current business week was quite painful as well as the cryptocurrency fell beneath $90,000 to chart a seven-month low. Although it bounced to $94,000 yesterday, it was quickly rejected and pushed back down below $90,000, this time bottoming at $88,400 (on Bitstamp), a level last seen in April 2025.

It has managed to recover some ground since then, but still stands below $92,000 as of press time. Its market cap struggles at $1.830 trillion, while its dominance over the alts stands still at 57%.

BTCUSD. Source: TradingView

ZEC, ATOM ($3.04) on the Rise

Ethereum dumped hard yesterday, losing the $3,000 and even the $2,900 levels to touch $2,880. The subsequent bounce, as seen by analysts, is a perfect setup for a liftoff, and the asset has returned to $3,000 as of now. Binance Coin stands at $900 after a minor decline since yesterday. while XRP ($2.12), TRX ($0.28), DOGE ($0.16), and ADA ($0.47) are slightly in the red.

In contrast, SOL ($141.85), HYPE ($39.15), BCH ($502.08), and LINK ($13.74) are in the green. ZEC has rocketed by another 8% to $675, while ATOM has added 12% of value and now sits above $3. Pi Network’s native token has jumped by 8-9% after positive news on the regulatory front.

The total crypto market cap, though, has lost around $20 billion in a day and is down to $3.210 trillion on CG.

Cryptocurrency Market Overview Daily. Source: QuantifyCrypto

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