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Bitcoin 
$100,819 is currently encountering intense selling pressure while attempting to exceed the $100,000 threshold. Over the past hour, the largest cryptocurrency fluctuated between $95,850 and $97,729, with its market capitalization hovering around $1.917 trillion. According to an analysis by 10x Research, the cryptocurrency market is undergoing a challenging phase, and further declines are likely in the short term.
Why is Bitcoin Declining? Key Factors Behind the Drop
The weakness in Bitcoin’s price is attributed to global economic and political developments. 10x Research noted that Bitcoin has exhibited weakness signals technically since the beginning of February. The “Diamond Top” formation particularly indicates a potential sharp correction following an upward trend.
As Bitcoin approached the $105,500 mark, market conditions shifted. The announcement of new tariffs by President Donald Trump increased uncertainty. This development shook investor confidence and reduced risk appetite in the markets. Additionally, the Federal Reserve’s tight stance on interest rates created unease, prompting many investors to shy away from risky assets.
One of the primary reasons Bitcoin has struggled to recover is the decreasing liquidity in the market. Investors are exercising caution regarding new purchases as they closely follow the Fed’s interest rate decisions and political developments. This situation complicates Bitcoin’s ability to surpass the $100,000 mark and heightens the probability of further declines.
Why Ethereum and Other Altcoins are Plummeting
The sharp decline in the largest altcoin, Ethereum 
$2,048, highlights the fragile structure of the cryptocurrency market. Recent significant price movements have prompted Ethereum investors to close positions in the options market. Gamma hedging and liquidation in futures trading have led to severe price volatility in Ethereum.
Specifically, the increase in Bitcoin’s market dominance raises concerns among altcoin investors. The total market value of altcoins fell from $1.46 trillion at the end of January to $1 trillion. This loss of approximately $460 billion negatively impacted many altcoin projects.
Furthermore, the Trump administration’s new regulatory plans concerning stablecoins have undermined investor confidence. Bitcoin reserve plans also do not feature prominently in Trump’s first 100-day strategy. All these developments are causing investors to act more cautiously and increasing overall selling pressure in the market.
As Bitcoin’s technical indicators continue to weaken, analysts warn of further declines in the short term.
