Market Data 
Crypto markets slumped on Monday morning, with seven of the top ten cryptocurrencies in the red, including bitcoin.
Market Dip Drags Bitcoin Under $94K While Equities Hold Steady
Bitcoin (BTC) fell to $94K on Monday morning as crypto markets tumbled 1.06% to a market capitalization of $2.93 trillion, according to data from Coinmarketcap. Stocks traded mostly sideways with the major indices barely budging, although gold climbed 2.38% to $3,320.60 per ounce at the time of reporting.
The cryptocurrency’s pullback, comes in the wake of last week’s rally that saw BTC surge all the way to $97,905.90 on Friday after the U.S. Department of Labor published stronger-than-expected April employment data.
President Donald Trump’s unprecedented tariff polices have sowed chaos, leading to economic uncertainty and triggering a flight to non-U.S. assets as investors seek the stability of safe-haven stores of value such as gold and bitcoin. And although BTC is down roughly 1.5% today, it still accounts for nearly 65% of the entire crypto market.
The drop in the cryptocurrency’s price is almost certainly temporary. Michael Saylor, chairman of bitcoin treasury firm Strategy, announced on Monday, a 1,895 BTC purchase for approximately $180.3 million, bringing the firm’s total holdings to 555,450 BTC. The move suggests Saylor views bitcoin’s pullback as a buying opportunity rather than an indication of the digital asset’s weakness.
Overview of Market Metrics
Bitcoin declined 1.45% over the past 24 hours, falling to $94,132.64 at the time of reporting, according to Coinmarketcap. Despite the dip, BTC remains up 0.65% over the past seven days, showing continued strength on a broader time frame. The cryptocurrency traded between $93,566.26 and $95,762.18, indicating mild volatility in a largely sideways market.
( BTC price / Trading View)
Trading volume followed the typical post-weekend pattern, climbing 56.38% to $24.58 billion. However, the increased activity came alongside a drop in market capitalization, which declined 1.38% to $1.87 trillion. Bitcoin’s dominance in the overall crypto market also edged down by 0.11 percentage points to 64.75%, hinting that traders may be shifting some attention toward altcoins.
( BTC dominance / Trading View)
In the derivatives sector, BTC futures open interest dipped 1.04% to $63.18 billion, suggesting a slight cooling in speculative positioning. According to Coinglass, total liquidations over the past 24 hours reached $697,890, with long positions accounting for $359,070 and shorts totaling $338,820. The relatively balanced liquidations between bulls and bears imply indecision in the market as traders wait for stronger directional signals.
