Market Overview - Leading cryptocurrencies experienced a decline after a significant cryptocurrency bill stalled in the Senate due to opposition from major industry players [1][3] - The global cryptocurrency market capitalization decreased by 1.26% in the last 24 hours, standing at $3.23 trillion [6] Cryptocurrency Performance - Bitcoin (BTC) fell by 1.29% to $95,485.03 after reaching a two-month high of $97,000, with trading volume dropping by 13% [2][3] - Ethereum (ETH) saw a minor decline of 0.82%, settling at $3,306.90, while XRP and Dogecoin dropped by 2.66% and 4.23%, respectively [2][3] - Over $320 million was liquidated from the cryptocurrency market in the last 24 hours, with long liquidations making up 81% of the total [4] Market Sentiment - The Crypto Fear & Greed Index indicated a shift in market sentiment from "Greed" to "Neutral" [5] Company Stock Performance - Shares of cryptocurrency-related companies, such as Strategy Inc. (NASDAQ:MSTR) and Coinbase Global Inc. (NASDAQ:COIN), closed down by 4.70% and 6.48%, respectively [4] Future Outlook - Analysts from B2BINPAY noted that Bitcoin's market structure remains bullish, suggesting a potential move to $100,000–$105,000 if it holds above the $94,000–$95,000 range [9][10]
Bitcoin, Ethereum, XRP, Dogecoin Slip After Crypto Bill Stalls In Senate: BTC Could Jump To $105,000 If This Pattern Holds, Says Analyst