{"id":66503,"date":"2025-05-15T08:32:12","date_gmt":"2025-05-15T08:32:12","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=66503"},"modified":"2025-05-15T08:32:12","modified_gmt":"2025-05-15T08:32:12","slug":"bitcoin-drops-toward-critical-support-pi-price-plunges-by-27-daily-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=66503","title":{"rendered":"Bitcoin Drops Toward Critical Support, PI Price Plunges by 27% Daily (Market Watch)"},"content":{"rendered":"

Bitcoin\u2019s price ascent was stopped once again at $104,000 yesterday and the asset is down by over two grand since then, going toward a key support line.<\/p>\n

The altcoins have turned red, with massive price drops from the likes of XRP, SOL, DOGE, ADA, SUI, AVAX, and many others.<\/p>\n

BTC Below $102K<\/h2>\n

The primary cryptocurrency surged in an impressive manner last week when reports emerged that the US and China will meet over the weekend to discuss a trade deal. This led to a massive price pump that saw BTC reclaim the coveted $100,000 last Thursday and kept climbing to $104,000 during the weekend.<\/p>\n

When both economic giants announced a tariff pause for 90 days on Monday, bitcoin jumped to a new multi-month peak of almost $106,000<\/a>. However, it couldn\u2019t breach that level and dumped below $101,000 almost immediately.<\/p>\n

The bulls managed to intervene and kept the asset within a six-digit territory. Moreover, BTC jumped to $105,000, where it faced another rejection. As of now, the cryptocurrency struggles to remain above $102,000 after a 2% daily decline, even though the overall landscape remains bullish<\/a>.<\/p>\n

According to Ali Martinez, BTC is on its way down toward a key resistance level of $101,600. A breakdown below that level could result in dumping back into five-digit price territory.<\/p>\n

Key support for #Bitcoin<\/a> $BTC<\/a> right now is at $101,600! pic.twitter.com\/4cOpEJAPuA<\/a><\/p>\n

\u2014 Ali (@ali_charts) May 15, 2025<\/a><\/p>\n\n

Its market capitalization has declined to $2.020 trillion on CG, while its dominance over the alts has increased slightly to 59.6%.<\/p>\n

<\/a>BTCUSD. Source: TradingView<\/p>\n

Alts Bleed<\/h2>\n

The altcoin space has bled out heavily on a daily scale. Ethereum was stopped above $2,700<\/a> and has plunged to $2,530 after a 3.2% daily drop. XRP, SOL, DOGE, ADA, SUI, LINK, and XLM have marked even more significant price declines of up to 7-8%, while AVAX has plunged by almost 9%.<\/p>\n

Nevertheless, PI leads the adverse trend with a spectacular 27% nosedive after the recent ecosystem announcement<\/a>.<\/p>\n

The total crypto market cap has shed around $100 billion daily and is down to $3.4 trillion on CG.<\/p>\n

<\/a>Cryptocurrency Market Overview. Source: QuantifyCrypto<\/p>\n

The post Bitcoin Drops Toward Critical Support, PI Price Plunges by 27% Daily (Market Watch)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s price ascent was stopped once again at $104,000 yesterday and the asset is down by over two grand since then, going toward a key support line. The altcoins have turned red, with massive price drops from the likes of XRP, SOL, DOGE, ADA, SUI, AVAX, and many others. BTC Below $102K The primary cryptocurrency […]<\/p>\n","protected":false},"author":0,"featured_media":66504,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-66503","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/66503"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=66503"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/66503\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/66504"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=66503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=66503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=66503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}