Crypto Markets Today: Asia-session sell-off drags bitcoin, altcoins lower
CoinDesk
Bitcoin fell below $92,000 following a failed attempt to break $94,500, leading a broader crypto market sell-off during Asian trading hours.Summary
Bitcoin dropped to around $91,530 from $93,750 during the Asia session after failing for the third time in five weeks to surpass the $94,500 resistance level, pulling the wider crypto market down and returning BTC to December's trading range ($85,000–$94,500). Altcoins experienced steeper losses, with PENGU down 6.5% and XRP falling 3.5%, as risk-off sentiment rose, mirrored by a dip in U.S. equity futures. Derivatives markets saw $465 million in long crypto futures bets liquidated over 24 hours, although cumulative open interest remains high. Memecoins and privacy coins were the worst-hit sectors, though the DeFi sector showed positive inflows with a slight rise in Total Value Locked (TVL).
(Source：CoinDesk)