Analysis: So far this year, the market value of cryptocurrencies has evaporated by 610 billion US dollars, and the current key support level for BTC may be 81.6 thousand US dollars
According to Bitcoin.com, in the 89 days since the start of 2025, the total value of the cryptocurrency sector has shrunk by $610 billion, falling from about $3.27 trillion to $2.66 trillion.
The trading price of Bitcoin is between $82,856 and $83,032 with a market capitalization of approximately $1.65 trillion and a global trading volume close to $140 billion in 24 hours. Currently, Bitcoin shows signs of short-term consolidation; although there is a temporary upward momentum, transaction volume patterns indicate weak buyer participation. Lower highs and lower lows suggest that a broader downward trend will continue; resistance at $84,500 remains key level while support at $81,600 is crucial.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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