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Cryptocurrency Rally Fades, Market Faces Potential 40% Drop

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BTC
$89,596.201.43%
The cryptocurrency market has remained flat over the past 24 hours, with a total cap of $2.96 trillion, near December levels. The recent market rally appears to have stalled, with analysts warning of a possible downturn akin to early October. A drop below $2.75 trillion could send prices toward $1.8 trillion. Bitcoin briefly hit $88,000 on Tuesday but fell below $87,000 by Wednesday. Over 500,000 BTC has been sold by long-term holders since July. Some predict an 80% fall in Bitcoin to $25,240, while others see a new high in 2026. SBI Holdings and Startale Group plan a yen-pegged stablecoin launch in early 2026.
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