Cryptocurrency Market Faces Decline Amid Stock Futures Drop

Leading cryptocurrencies experienced significant sell-offs on Sunday evening, closely following the fall in stock futures.

Cryptocurrency	Gains +/-	Price (Recorded at 8:30 p.m. ET)
Bitcoin BTC/USD	-2.81%	$101,669.43
Ethereum ETH/USD	-3.80%	$3,203.23
Dogecoin DOGE/USD	-7.07%	$0.3299

What Happened: Bitcoin dropped from $105,000 earlier in the day to $101,000 in the evening, leading to a broader downturn in the market. Ethereum also fell from $3,340 to $3,178, while Dogecoin experienced a drop of more than 7%.

In the last four hours of trading, around $400 million was wiped from the cryptocurrency market, with long positions accounting for $389 million of that liquidation.

According to the Long/Short ratio, there was an increase in the number of traders betting against Bitcoin, as more traders seemed to anticipate a price decline.

Additionally, Bitcoin's Open Interest saw a slight rise over the past 24 hours. This increase, coupled with a drop in prices, suggests that many traders are engaging in short selling.

Despite these movements, the overall market sentiment remained in the "Greed" zone according to the Crypto Fear & Greed Index.

Top Gainers in the Last 24 Hours

Cryptocurrency	Gains +/-	Price (Recorded at 8:30 p.m. ET)
Onyxcoin (XCN)	+12.16%	$0.03633
Jupiter (JUP)	+9.88%	$1.03
AIOZ Network (AIOZ)	+8.27%	$0.843

The total market capitalization for cryptocurrencies was recorded at $3.47 trillion, reflecting a decrease of 3.65% over the past 24 hours.

Stock futures also saw a decline on Sunday evening. As of 8:41 p.m. EDT, the Dow Jones Industrial Average Futures fell by 184 points, or 0.41%. Futures for the S&P 500 dipped by 0.94%, while Nasdaq 100 Futures experienced a drop of 1.79%.

This slump in the stock market happened in conjunction with President Donald Trump's new tariffs on Colombian imports and the anticipation surrounding China's open-source AI model, DeepSeek.

Investors are closely watching this week as many significant tech companies from the `Magnificent 7` group prepare to announce their quarterly earnings.

The Federal Reserve's meeting on Wednesday is also on the radar, with traders indicating a 99.5% probability that interest rates will remain unchanged, according to the CME FedWatch tool.

Market Analysis and Outlook

Prominent cryptocurrency analyst Ali Martinez has observed that Bitcoin's previous head-and-shoulders chart pattern is showing signs of invalidation. This could suggest a potential price increase towards $122,000.

This head-and-shoulders formation typically indicates a transition from a bullish to a bearish trend. Thus, seeing its invalidation could signal an approaching upward movement.

In earlier updates, Martinez pointed out that Bitcoin's current path resembles its trajectory from 2015 to 2018. He remarked, "Historically, it was around this point when BTC went parabolic."

Another well-followed cryptocurrency analyst, Rekt Capital, emphasized the significance of Bitcoin's recent weekly closing levels, stating, "Historically, similar weekly closes above a final major weekly resistance at this moment in the cycle have preceded continued upside to new all-time highs."

Photo by CMP_NZ on Shutterstock

See More: Best Cryptocurrency Scanners

Market news and data are provided to keep traders informed and prepared to navigate these turbulent times.

Bitcoin, Ethereum, Dogecoin