BTC Drops Below $108,000 as SocialFi Sector Leads Crypto Market Decline

BTC

BTC/USDT

$71,354.77

+3.55%

$71,354.77

+3.55%

(24s)

24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short

65.5%

Long: 65.5%Short: 34.5%

Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$71,351.87

▲ 2.98%

Volume (24h): -

Resistance Levels

Resistance 3$79,008.03

Resistance 2$75,548.63

Resistance 1$72,179.52

Price$71,351.87

Support 1$70,589.27

Support 2$67,300.00

Support 3$62,909.86

Pivot (PP):$70,598.27

Trend:Downtrend

RSI (14):35.3

The cryptocurrency market experienced a notable downturn, with the SocialFi sector registering a decline exceeding 4%. This sector’s underperformance contributed significantly to the overall market contraction. Concurrently, Bitcoin (BTC) prices slipped below the $108,000 threshold, reflecting increased selling pressure amid broader market volatility. Investors are advised to monitor these movements closely as they may signal shifts in market sentiment and liquidity dynamics within the digital asset space.

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