Crypto Prices Face Decline as Bitcoin Slips Below $100,000

Crypto Prices Decline as Bitcoin Falls Below $100,000

Bitcoin's (BTC) price has dropped to $92,056, distancing itself from the $100,000 mark. This decline is common during BTC's historic highs, which have not shown consistent peaks due to liquidations in futures trading.

Dogecoin (DOGE)

DOGE experienced an 11% loss influenced by today's BTC drop. However, it remains above $0.37. High leverage during futures trading has led to the liquidation of long positions, potentially leading to a similar fate for short positions during recovery.

Regaining support at $0.38 could aid DOGE's recovery. However, continued selling may lead to declines to $0.352 and $0.34. The upcoming quarters may favor DOGE due to Trump's inauguration and the formation of a crypto-friendly cabinet.

Avalanche (AVAX) and Cardano (ADA)

AVAX's delayed surge has coincided with BTC's recent reverses. Its price has fallen below $40. Maintaining support at $38 may allow AVAX to target $42 again, with a potential bullish area between $50 and $65.

After a 250% gain in November, ADA has returned below $1. Investors' unexpected profit-taking has contributed to this decline. A continued drop could test the $0.78 level.