The loss-ridden crypto market saw liquidations over $2.4 billion in the last 24 hours with Bitcoin failing to regain any upward price momentum at all. Bitcoin, on Friday, reflected a loss of nearly four percent over the last day. At the time of writing, BTC was trading at $66,870, significantly down from its previous day’s price of $69,830. This marks Bitcoin’s lowest price point in a year. Between January and February last year, BTC had tested this price level for the last time in 2025.
Ether, that had climbed to an ATH of $7,645 in August 2025, is presently trading at a drastic low of $1,935. The second most expensive crypto asset after BTC registered a loss of six percent to lose its footing at the $2,000 level.
Pointing that bears presently control the market, analysts told Coin Headlines that the recent price decline of top assets can be credited to the softer U.S. labour data and growing concerns around heavy capital spending in the AI sector, which weighed on broader risk sentiment.
“Continued ETF outflows and short-term holders moving nearly 60,000 BTC to exchanges have added to near-term selling pressure. That said, for long-term investors, this phase offers a favourable accumulation opportunity through disciplined, staggered buying. For traders, $55,500 remains a key price support for BTC, while $70,000 stands as the immediate resistance,” said Akshat Siddhant, Lead quant analyst, Mudrex.
BNB and Solana respectively slipped by six percent and nine percent in their prices over the last day to retail at $635.95 and $81.
Assets including Tron, Dogecoin, Cardano, Bitcoin Cash, and Chainlink registered drops within the range of two percent and seven percent. Leo and Monero on the other hand tumbled by nearly 15 percent each.
Owing to the ongoing bloodbath on the price charts, the crypto sector’s market cap dunked by 4.30 percent over the last day. At present, the valuation of the digital assets market stands at $2.27 trillion, CoinMarketCap showed.
The fear and index score has alarmingly dropped from nine to five in the last few hours — hitting lowest since the collapse of the FTX exchange in November 2022, that wiped out around $200 billion from the crypto market.
Analysts’ optimism for the near future, however, remains bullish despite the ongoing market crash.
“Despite the intense volatility, Bitcoin continues to hold above its 200-week moving average (~$58,000), a historically critical support level. On-chain indicators point to deep oversold conditions: the weekly RSI has fallen below 30, a level that has often preceded rebounds averaging 16 percent in the following weeks.,” said Riya Sehgal, research analyst at Delta Exchange. “Technically, In short term, Bitcoin faces resistance near $71,000–$72,000, with strong demand between $58,000–$62,000. If it stabilizes above this range, a consolidation phase may emerge before a broader recovery.”
Over 541,700 traders contributed to the massive liquidation spree in the last 24 hours, CoinGlass data showed.