$BTC Bitcoin Slides Below $90,000 as Markets Turn Cautious Ahead of Key Macro Events
Bitcoin fell below the $90,000 level on Sunday, pressured by thin weekend liquidity, weakening altcoin momentum, and growing investor caution ahead of a packed week of macroeconomic and central bank developments.
The world’s largest cryptocurrency was trading near $89,600 in early afternoon UTC, down roughly 0.9% over the past 24 hours. Despite a modest weekly gain, Bitcoin remains about 7.6% lower on a monthly basis, reflecting a broader slowdown in risk appetite.
Market participants appeared reluctant to take aggressive positions as several high-impact U.S. and global economic data releases approach, alongside key central bank signals that could influence interest rate expectations and overall market sentiment.
Meanwhile, Ether ( $ETH )demonstrated relative resilience. ETH was trading around $3,100, slightly lower on the day but up more than 2% over the past week, outperforming Bitcoin on a short-term basis. In contrast, most major altcoins continued to lag, highlighting selective strength rather than broad-based market confidence.
Overall, the price action suggests a wait-and-see approach from traders, with crypto markets likely to remain sensitive to macroeconomic cues in the days ahead.