Bitcoin and Ethereum Break Key Levels
The recent pullback across the crypto market set off alarms for investors and traders alike:
Bitcoin dropped below the crucial $80,000 level
Ethereum fell beneath $1,700, losing a long-standing support zone
The overall crypto market cap plunged by 5.38% in a matter of hours
This synchronized downturn is more than just a minor correction—it’s a market-wide shakeout that could spiral if bulls fail to regain control.
Why Is the Market Falling?
While no single headline triggered the drop, analysts point to a mix of catalysts:
- Profit-taking after strong Q1 gains
- ETF inflows cooling off, especially for Bitcoin
- Macroeconomic uncertainty, including upcoming inflation data and potential interest rate hikes
- Weak altcoin structure, with ETH losing ground fast
Together, these factors are fueling a cautious and risk-off approach from investors.
Can Solana Hold the $100 Mark?
Solana has held relatively strong compared to other altcoins this year. But with prices now at $107, the risk of a break below $100 is increasing.
Key levels to watch:
- $100 – Psychological and technical support
- $95–$88 – Secondary zones from previous demand
- $80 – A potential worst-case scenario if BTC crashes further
While some traders may see sub-$100 as a buying opportunity, the sustainability of any bounce depends on how Bitcoin performs in the coming days.
What Happens Next?
This isn’t a market crash—yet—but it’s a warning shot.
If Bitcoin fails to reclaim $80K and continues heading toward $76K–$74K, altcoins will likely bleed further. Ethereum’s weakness is particularly alarming for the altcoin market overall.
However, a quick recovery above $80K could reverse some damage and reestablish short-term bullish sentiment.
Bottom Line
The crypto market is in correction mode, and Solana sits on the edge.
If Bitcoin continues to slide, a drop below $100 for SOL is very likely. But if BTC regains strength quickly, Solana may hold the line—and even bounce.
For now, traders should brace for volatility and closely monitor the $100 zone.
