The main reason why the XRP price is crashing is that sentiment in the sector 
has worsened in the past few days. This waning sentiment explains why Bitcoin 
(BTC) and most altcoins dropped today.

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Buterin warns that quantum computers could threaten Ethereum’s cryptography 
sooner than expected and outlines how the network can prepare safely.

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Crypto analysts Nik and Doctor Profit have provided insights into why the 
Bitcoin price is crashing today. The flagship crypto has again dropped below 
the psychological $90,000 level, sparking bearish sentiments among market 
participants. Why The Bitcoin Price Is Crashing Today In an X post, Nik 
remarked that the Bitcoin price didn’t dump because of bad news but because 
the “clock flipped.” He noted that a large number of algos sold off at the 
same time with the daily close, and also considering that it is a new week and 
a new month. The analyst added that it is not traders making decisions but 
portfolios rebalancing in real time. Related Reading: Finance Expert Says 
Bitcoin Price Growth Is In ‘Google 2017’ Phase, What This Means Nik explained 
that with this Bitcoin price crash, inventories have adjusted, hedges have 
reset, and risk has been flushed from the market. He noted that the candles 
may look emotional, but that the behavior is mechanical. The analyst also 
indicated that retail investors may have also dumped their coins out of panic. 
Nik stated that time-based algos usually ignite the sell-off, and then 
everyone is forced to react to their flow. He added that the effect was strong 
enough today to shake the Bitcoin price, with the crash dragging the broader 
crypto market along. BTC dropped below $90,000 today, after recovering to 
$92,000 last week. Meanwhile, Nik stated that most people usually miss the 
signs of a potential Bitcoin price crash because they focus on patterns drawn 
by humans rather than flows controlled by machines. He added that the market 
doesn’t only react to price but also to time. Not Yet Enough Liquidity For A 
Major Crash In an X post, crypto analyst Doctor Profit said that there isn’t 
enough downside liquidity yet to trigger a major Bitcoin price crash. This is 
why he expects a sideways range between the current price and the EMA50, 
around $100,000, in the coming days or weeks. The analyst noted that the two 
largest liquidity clusters in the short term are at the $97,000 and $107,000 
regions. Related Reading: Analyst Who Predicted Bitcoin Price Action With 
Chinese Astrology Shares When Prices Will Surge However, Doctor Profit remains 
bearish in the long term. He declared that a major move down is planned, but 
that the script must be followed and that the required liquidity is not yet in 
place. The analyst told market participants to expect a boring sideways phase 
with confirmed targets of between $70,000 and $75,000 by the start of 2026. 
Doctor Profit reiterated that such moves to the downside for the Bitcoin price 
take time. He explained that the crash could unfold as a strong drop, followed 
by a long sideways consolidation, then a fake relief rally, and then the 
continuation of lower lows. At the time of writing, the Bitcoin price is 
trading at around $85,800, down over 5% in the last 24 hours, according to 
data from CoinMarketCap. Featured image from Pixabay, chart from 
Tradingview.com

Here’s Why The Bitcoin Price Is Crashing Today

Bitnomial&#8217;s launch could enhance regulatory trust and attract more retail 
investors to the crypto market, potentially boosting mainstream adoption.
The post Bitnomial set to launch first CFTC-regulated spot crypto trading 
appeared first on Crypto Briefing.

Cryptocurrency price in PKR