The crypto market failed to gather momentum over the weekend as President Trump signaled tariff cuts to ease food prices, adding short-term volatility and inflation concerns. Bitcoin on Monday, November 17 saw a price dip of one percent to trade at $95,055 on international exchanges. The asset’s loss margin for the week has widened to 11 percent. Bitcoin’s fall has led to massive liquidations, reportedly wiping out over $600 billion from the market.
Market analysts believe that resistance for BTC presently sits around $99,000, whereas a new support could be forming at $92,700.
“Bitcoin could see stability and a potential trend reversal as whales and market makers have increased long positions since Wednesday, actively buying the dip below $100,000,” Mudrex CEO Edul Patel told CoinHeadlines.
Ether also reflected a loss of under two percent on Monday, bringing its price to $3,190. The coming days will set pace for the price trajectories of BTC and ETH as macro news—CPI, jobs data, and ETF flows—are expected to drive volatility, experts have warned.
BNB, XRP, Solana, Tron, Dogecoin, and Cardano logged dips of under five percent on the price chart on Monday. U.S. President Donald Trump-backed WLFI also dipped by under two percent to trade at $0.146. Zcash, which had been on a rally since September, also succumbed to the market pressure to clock a loss of one percent and trade at $683 at the time of writing.
LEO and Aster saw minor gains among a handful of other tokens. Overall, the crypto charts reflect choppy market winds.
“Short-term bias is neutral-to-bearish, with opportunistic buying only near solid support. For BTC, if yields ease or liquidity improves, BTC may rebound sharply; otherwise, sideways movement dominates,” Sathvik Vishwanath, Co-Founder & CEO, Unocoin told CoinHeadlines.
The overall crypto market cap slipped by 1.04 percent in the last 24 hours, bringing valuation to $3.23 trillion. The score of 17 on the Fear and Greed index indicates that the extreme fear sentiment has retained among investors over the weekend.