Bitcoin Drops Below $90K: Here’s Why the Entire Crypto Market Is Down Today

Bitcoin ($BTC) has once again slipped below the critical $90,000 level, triggering a broader pullback across the entire crypto market. As always, when $Bitcoin breaks a major support, the rest of the market reacts instantly — and the top 10 coins are flashing red almost across the board.

The Bitcoin chart shows how BTC rejected key resistance zones, rolled over, and dragged every major altcoin with it. Below is the full breakdown.

Bitcoin Analysis: Why BTC Fell Below $90K

1. Clear rejection at local highs

On the chart below, the yellow arrows highlight repeated lower highs. Each rally attempt toward $93,000–$94,000 was met with aggressive selling. Bitcoin lost momentum early on December 5, and when buyers failed to defend $92K, the structure weakened.

BTC/USD 1-hour chart - TradingView

2. Breakdown of the mid-range level

The yellow horizontal line (~$89,500) has been a key range midline.
BTC fell below this zone, retested it, and failed to reclaim it — confirming the bearish structure.

Price is now consolidating under this level, which historically leads to continuation lower unless buyers step in fast.

3. Momentum (Stoch RSI) shows overbought exhaustion

Stoch RSI is sitting in the upper zone (75–80), signaling that:

• upward momentum is cooling
• a deeper correction is possible
• immediate upside is limited until momentum resets

4. Bitcoin’s crash always drags the market

With BTC down:

• confidence drops
• traders hedge positions
• leveraged longs unwind
• liquidity dries up in altcoins

This creates a domino effect — which we clearly saw today.

How Bitcoin’s Drop Pulled the Entire Market Down

Below is the top-10 crypto analysis breakdown (excluding stablecoins):

1. Bitcoin (BTC) — $89,544 (-2.05%)

The leader set the tone. A clean drop through $90K triggered market-wide de-risking. High leverage in BTC futures amplified the move.

2. Ethereum (ETH) — $3,032 (-3.49%)

$ETH is down more than BTC on a percentage basis. This is classic behavior during corrections, as ETH is more sensitive to liquidity flows.
Despite a strong weekly uptrend (+1.03%), today’s drop signals weakening momentum.

4. XRP — $2.02 (-1.82%)

$XRP showed one of the sharper 7-day declines (-7.31%). This indicates fragility in sentiment.
When BTC breaks support, XRP typically reacts fast due to lower volatility buffers.

5. BNB — $883.57 (-1.26%)

$BNB remains surprisingly stable compared to others. Binance ecosystem projects had strong flows recently, which may be cushioning the downside.

7. Solana (SOL) — $132.73 (-3.62%)

$SOL suffered a larger drop due to:

• high leverage in SOL trading pairs
• strong recent rallies that left fresh longs exposed
• altcoins reacting more violently when BTC dips

Still, Solana remains in a strong macro uptrend.

8. TRON (TRX) — $0.289 (+1.34%)

The only major coin showing green today.

$TRX usually behaves defensively during market corrections due to:

• high on-chain activity
• stable fee markets
• strong USDT flows

This inverse performance is typical for TRX in volatile Bitcoin days.

9. Dogecoin (DOGE) — $0.1392 (-3.96%)

Meme coins are the first to get hit when sentiment turns risk-off.
$DOGE continues to show high beta to BTC — sharp moves up during euphoria and sharper moves down during fear.

10. Cardano (ADA) — $0.412 (-4.68%)

$ADA is among the hardest hit.
With weak liquidity and declining developer activity recently, ADA often underperforms during corrections.

What Happens Next?

Short-Term Outlook

• BTC must reclaim $89,500–$90,000 to avoid a deeper drop.
• Failure to do so opens a move toward $87K–$88K.
• If momentum resets and buyers step in, BTC could retest $92K.

Altcoin Outlook

• Strong projects (ETH, SOL, BNB) will recover quickest once BTC stabilizes.
• Highly speculative assets (DOGE, ADA) may lag the rebound.