Bitcoin 
Ethereum 
Tether 
BNB 
XRP 
USDC 
Solana 
TRON 
Lido Staked Ether 
Figure Heloc 
Crypto majors fell again yesterday as btc lost $90k; btc -2% at $89,900; eth -3% at $3,100, sol -3% at $134; xrp -7% to $2.08. Lit (+3%), wlfi (+3%) and xmr (+3%) led top movers. Zec fell 19% after the developer team resigned following a dispute with the board; the team has promised to form a new company and continue the mission. Jpmorgan announced plans to launch its jpm coin on the canton network. Barclays invested in ubyx, a u.S. Stablecoin settlement startup, backing infrastructure that would let regulated institutions move digital money across issuers and wallets. The senate banking committee faces mounting pressure ahead of a key vote on crypto market structure legislation next week. Wyoming introduced its first state-issued stablecoin, frontier stable token, now available to the public. World liberty financial’s subsidiary applied for a national trust bank charter, aiming to issue and custody its usd1 stablecoin under a federally regulated framework. Starknet suffered a multi-hour outage due to a block production bug; the network paused and rolled back before resuming.
💡 DMK Insight
Bitcoin’s drop below $90k is a significant psychological barrier, and here’s why that matters: The recent decline, with BTC now at $89,900, signals a potential shift in market sentiment. Traders often view such levels as critical support or resistance, and breaking below could trigger further selling pressure. Ethereum’s dip to $3,100 and Solana’s fall to $134 also reflect broader bearish sentiment across major altcoins. This isn’t just a minor pullback; it could be the start of a deeper correction if the market fails to reclaim these levels quickly. Watch for BTC to hold above $89,000 to avoid a cascade effect that could see it testing lower support levels. On the flip side, the rise of lesser-known coins like Lit and XMR suggests that some traders are seeking refuge in altcoins, possibly looking for short-term gains. However, the 19% drop in ZEC after its developer team resigned highlights the risks of volatility in this sector. Keep an eye on BTC’s price action over the next few days; if it can’t bounce back, we might see a broader market sell-off, impacting even the altcoins that are currently performing well.
📮 Takeaway
Monitor BTC closely; if it breaks below $89,000, prepare for potential further declines across the crypto market.
