Crypto markets started the week on the back foot as Bitcoin’s recovery from last week was almost erased, after fresh EU US trade war developments and the Greenland backdrop hit risk appetite. After tagging $98,000 on Wednesday, BTC slid through the weekend around $95,000 and then dipped below $92,000. The setup has shifted from breakouts to damage control as traders reassess exposure. That reversal set the tone for a second straight day of red across most large caps, with liquidity thinning as futures and Asian markets reopened, and sentiment turned cautious across desks globally today.
Bitcoin’s slide accelerated as volatility pushed it from about $95,500 to under $92,000 after the latest shots fired between the US and the EU, after a quiet weekend near $95,000 prior. It recovered ground mid-day, but dropped again Tuesday morning to a weekly low under $92,000 and now struggles around that level. Market capitalization slipped under $1.820 trillion and dominance rose to 57.5% on CG. Bitcoin is holding the steering wheel, but the direction stays down until support is reclaimed. The move followed last week’s $8,000 surge that revived talk of $100,000 before momentum flipped.
The broader market absorbed the hit as total crypto capitalization shed another $80 billion to about $3.160 trillion on CG. With majors failing to hold recent highs, traders are watching whether this is a contained pullback or the start of a deeper unwind. For portfolio managers, the priority now is preserving liquidity while monitoring where forced selling fades. If bitcoin continues to hover near weekly lows, altcoins may remain under pressure, especially with key levels like $3,100 on ETH and $2.00 on XRP already broken. Until volatility cools, positioning is likely to stay conservative overall.
