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Market adjustment continues: Bitcoin drops below 92K, mainstream cryptocurrencies generally pull back
【Blockchain Rhythm】Last night to this morning, the crypto market has shown a continuous correction trend, with rebound momentum clearly weakening.
Market data shows that Bitcoin’s performance is the most prominent—this morning it once dropped to a low of $90,675, and is now fluctuating around $91,227, with a 24-hour decline of about 2.5%. This wave of adjustment has broken the previous upward rhythm, putting significant pressure on bullish confidence.
The decline of mainstream alternative tokens is even more pronounced. Ethereum is quoted at $3,165, down 3.84% today, underperforming Bitcoin; SOL’s performance is weaker, at $136.53, down 3.21% in 24 hours. The entire market is showing sector-wide downward pressure.
Will this round of adjustment become a consolidation phase before a surge, or does it indicate a deeper correction? The key depends on whether important support levels can be maintained in the subsequent period. In the short term, market sentiment is cautious, with most investors observing.