The price of Bitcoin failed to break the $90,000 level, as selling pressures returned to the cryptocurrency market over the past 24 hours, with the majority of cryptocurrencies continuing to trade in the red amid sharp volatility.
This decline came after several unsuccessful attempts by Bitcoin and most major altcoins to regain key technical levels as the end of 2025 approaches.
After the short spike that brought the price to $90,536 on the 'Bitstamp' platform, the trend quickly reversed downward.
At the time of writing this article, the price of Bitcoin declined by about 2.5% over 24 hours, trading near $87,500.
In this context, the total liquidations in the market reached around $250 million, an increase of nearly 27% compared to the previous day, with long positions accounting for about $200 million, according to data from 'Coinglass'.
With this continued weak performance, the price of Bitcoin is heading to end the fourth quarter of 2025 with an estimated loss of about 22%, which could make it its worst results in this quarter since the bear market in 2018.
Indicators on the network, along with macroeconomic pressures and a decline in speculative activity, point to a fragile phase in the short term.
Alternative cryptocurrencies were not immune to this decline.
The price of Ethereum also failed to hold above the $3000 level, and is currently trading near $2950, recording losses close to those of Bitcoin.
Prominent coins like SOL, TRX, DOGE, ADA, XRP, and BNB also declined by rates ranging from 1.5% to 2%.
In contrast, privacy coins experienced sharper declines, with Zcash and Monero each dropping by about 6%, while the price of the digital currency Hyperliquid (HYPE) lost around 4.4%.
In terms of winning alternative cryptocurrencies in the last 24 hours, the digital currency HASH topped the list with an increase of 8.4% over 24 hours, followed by the digital currency Rain with a rise of 6.5%.
As for the losers, the digital currency Midnight (NIGHT) dropped by about 21%, followed by the digital currency PUMP from the Pump.fun platform on the Solana network, which fell by about 13% during the same period.
