Crypto Markets Under Pressure as Bitcoin Dips and Ethereum Erases Gains Amid SBF Appeal
Crypto Markets Under Pressure as Bitcoin Dips and Ethereum Erases Gains Amid SBF Appeal
The cryptocurrency market is experiencing significant downward pressure, with Bitcoin briefly dipping below $100,000 on Coinbase and Ethereum erasing its 2025 gains, falling below $3,400. These movements have contributed to over $1.1 billion in crypto liquidations, signaling widespread market weakness and fears of further corrections. Bitcoin is currently testing crucial support levels ahead of a Supreme Court ruling on Trump’s tariffs, which could further influence market volatility. Separately, Sam Bankman-Fried has launched an appeal against his FTX fraud conviction, claiming a biased trial and denied fair defense, marking a new chapter in a high-profile legal battle.
Bitcoin price descended to levels below $100,000 on the Coinbase exchange, during the afternoon hours of the US session on Tuesday. It followed Ethereum’s move to turn negative for 2025, amidst the altcoin’s steepest daily drop in months. Bitcoin Brief Breaks Below $100,000 While the US was busy with the New York mayoral elections on
Ethereum’s drop below $3,400 has erased its 2025 gains as crypto markets suffer over $1.1 billion in liquidations. With Bitcoin hovering near $100,000 and whales selling into weakness, traders fear the worst may not be over yet.
Bitcoin, Gold, and Silver are testing crucial support zones as markets brace for volatility ahead of the Supreme Court’s ruling on Trump’s tariffs. With BTC nearing $100,000 and metals slipping lower, traders are watching whether this week’s events spark a deeper correction—or a rebound across assets.
Sam Bankman-Fried’s appeal challenges his FTX fraud conviction, claiming a biased trial and excluded evidence denied him a fair defense. The decision could reshape one of crypto’s most infamous legal battles.