Crypto Market Dip Today: Why Bitcoin Fell Below $92K and Altcoins Crashed

Crypto News

The is facing a tough day. The total market cap dropped nearly $98 billion in the last 24 hours. It now sits at $3.09 trillion. Bitcoin led the fall, sliding below $92,500. Altcoins like Celestia (TIA) saw even bigger losses, down 13%. Investors are selling off amid high volatility and uncertainty. Let’s break down the key reasons behind this and what might happen next.

What Triggered the Sudden Sell-Off?

The trouble started over the weekend. Liquidations hit hard as prices fell. Monday kept the bad mood going. Bitcoin broke key support levels it held for days. This sparked a chain reaction across the market.

One big issue is the drama around Trove Markets. They raised $20 million in an ICO for $HYPE tokens. This was to deploy HIP-3 on…

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