Bitcoin Rejected at $88K as Crypto Market Cap Nears $3 Trillion

24.11.2025 11:39 3 sources negative
BTC BTC $92464.90 +2.30%
ETH ETH $3310.89 +5.93%
XRP XRP $2.09 +1.26%
ZEC ZEC $439.70 +10.73%

Bitcoin faced an immediate bearish reversal on Monday after attempting to surpass the $88,000 resistance level, dropping to around $86,000 and erasing gains from a weekend rally. The total cryptocurrency market capitalization lost approximately $30 billion in 24 hours, hovering near the $3 trillion psychological threshold.

The decline follows a volatile week where BTC plummeted from $96,000 to a seven-month low below $81,000, a $15,000 drop in less than seven days, after breaking below the $90,000 support. The recent rally was partly driven by optimistic comments from the United States Federal Reserve regarding a potential interest rate cut, pushing BTC above $84,000 over the weekend before the rejection at $88K.

Altcoins showed mixed performance: Ethereum (ETH) held above $2,800, and XRP maintained the $2.00 mark, but Zcash (ZEC) suffered a 7% decline to below $540. Other coins like Monero (XMR) and Polkadot (DOT) also saw losses, while Hedera (HBAR) rose over 5%, CC advanced 10%, and MemeCore surged 9% above $1.90. Bitcoin's market cap stands at $1.715 trillion, with dominance near 57% over altcoins.

BTC BTC $92464.90 +2.30%
Bitcoin faces strong technical resistance at $88K after Fed-driven weekend rally, indicating persistent selling pressure. Recent $15K drop from $96K highlights underlying weakness despite institutional optimism from Hayes and Lee. ETF outflows and negative Coinbase premium confirm institutional distribution. Short-term: consolidation below $86K likely with potential retest of $81K support. Long-term: Fed policy remains key catalyst, but current technical damage requires time to repair.
Technical analysis
RSI neutral at 46 confirms lack of momentum. MACD negative across most timeframes indicates bearish pressure. Price below key EMAs (20/50) shows sustained downtrend. Volume decline suggests weak conviction in recent bounce attempts.
ETH ETH $3310.89 +5.93%
ETH faces mixed pressure from Bitcoin's $88K rejection and broader market selloff, though it held above $2,800 support. Fundamental sentiment is neutral-negative as ETF outflows continue ($500M weekly) and market-wide liquidations create headwinds. However, selective altcoin resilience and MEXC's trading campaigns provide minor positive catalysts. Short-term trajectory depends on Bitcoin's ability to stabilize above $86K, while long-term outlook remains tied to ETF flow reversals and broader crypto adoption trends.
Technical analysis
Technical indicators show mixed signals: RSI at 44-47 across timeframes suggests neutral momentum, while MACD remains negative on shorter timeframes. Price trades below key EMAs (2811-2824), confirming bearish near-term structure. Volume patterns indicate consolidation rather than strong directional conviction.
XRP XRP $2.09 +1.26%
XRP demonstrates relative strength holding $2.00 amid Bitcoin's $88K rejection and broader market decline. Fundamental support comes from $180M weekly ETF inflows, indicating institutional accumulation despite macro headwinds. Short-term price action remains tied to Bitcoin's direction, but structural inflows provide underlying bid. Long-term outlook positive if ETF demand sustains, though regulatory clarity remains key catalyst. Resistance at $2.10-2.15 zone critical for breakout confirmation.
Technical analysis
Mixed signals: RSI neutral at 48-53 across timeframes, MACD flat near zero indicating consolidation. Volume below 20-period average suggests lack of conviction. EMA convergence around $2.06-2.07 creates immediate resistance. ADX weakening from 53 to 17 shows trend momentum fading.
ZEC ZEC $439.70 +10.73%
ZEC suffered a 7% decline to $540 amid broad crypto market weakness following Bitcoin's rejection at $88K resistance. The fundamental driver is negative sentiment spillover from BTC's failed breakout, erasing weekend Fed-driven gains. ZEC underperformed the market average, indicating weak relative strength. Short-term pressure likely continues as BTC dominance remains high at 57%, though oversold conditions may provide temporary relief. Long-term recovery depends on broader market stabilization and ZEC-specific catalysts.
Technical analysis
Technical indicators confirm bearish momentum across timeframes. RSI at 42-46 shows oversold but not extreme, MACD negative on 1h/4h, price below key EMAs (20/50). Volume patterns show selling pressure with ADX above 30 indicating strong trend. Support at $540 pivotal.
Sources
Bitcoin Hits $87K, Altcoins Post Biggest Gains in Market Rally
crypto-economy.com 25.11.2025 11:55
These Alts Post Biggest Gains as Bitcoin’s Price Tapped $89K: Market Watch
cryptopotato.com 25.11.2025 10:22
Crypto Market Cap Reclaims $3T After $110B Surge
coinomedia.com 25.11.2025 04:30
Top Today
yesterday / 18:49 7 sources
Nicholas Financial Files for 'Bitcoin After Dark' ETF Targeting Nighttime Returns
BTC BTC +2.30%
yesterday / 17:19 8 sources
The Sandbox Expands Beyond Gaming with Corners Web3 Platform, Deepening SAND Token Utility
SAND SAND
yesterday / 17:16 7 sources
Stripe and Paradigm's Tempo Blockchain Launches Public Testnet, Targets Stablecoin Payments
USDT USDT
USDC USDC
yesterday / 16:14 5 sources
Kyrgyzstan Launches $50M Gold-Backed Stablecoin USDKG, Pioneering Sovereign Digital Finance
TRX TRX +0.05%
ETH ETH +5.93%
yesterday / 14:51 10 sources
IPO Genie Sponsors Misfits Boxing Dubai Event, Offers $10,000 VIP Giveaway to Promote Crypto Presale
IPO IPO
yesterday / 14:11 23 sources
Coinbase and PNC Bank Forge Landmark Partnership to Offer Bitcoin Trading to Bank Clients
BTC BTC +2.30%
yesterday / 14:04 8 sources
Ozak AI Presale Raises Over $4.8M, Analysts Forecast Potential to Rival Early BTC and BNB Returns
OZ OZ