Bitcoin Price Today 15/05/2025: BTC Approaches $101K Support, PI Coin Loses 27%
- Bitcoin retreats and threatens support of US$ 101 thousand
- Altcoins plummet as market plunges
- PI Token leads losses with a daily drop of 27%
At the time of publication, the price of Bitcoin today was quoted at US$ 102.001 with a drop of 2% in the last 24 hours on 15/05/2025.
After breaking through the $100 mark last week and briefly reaching $106, Bitcoin fell again on Tuesday. The move came after the announcement of a 90-day trade truce between the US and China, which initially boosted market optimism.
However, the asset failed to sustain its gains. After reaching its recent high, BTC quickly fell to $101, temporarily supported by buyers. The currency attempted a recovery to $105, but was rejected again and is currently trading at around $102, accumulating a daily drop of 2%.
Analysts like Ali Martinez warn that critical support lies at $101.600. A sustained loss at this level could send the asset back into the five-figure range. Despite the pullback, Bitcoin’s market dominance has increased slightly to 59,6%, while its market cap has fallen back to $2,02 trillion.
Key support for # Bitcoin $ BTC right now is at $101,600! pic.twitter.com/4cOpEJAPuA
— Ali (@ali_charts) May 15, 2025
Among altcoins, the movement was even more intense. Ethereum fell 3,2%, going from US$ 2.700 to US$ 2.540. Other cryptocurrencies such as XRP, SOL, DOGE, ADA, SUI, LINK and XLM registered losses between 7% and 8%. AVAX showed an even more significant decline of almost 9%.
The negative highlight was the PI token, quoted at US$0,8704, which had a daily drop of 27% after news related to its ecosystem. The movement intensified the feeling of caution among investors.
With widespread losses, the total market value of cryptocurrencies has fallen by around $100 billion, falling to $3,4 trillion. The instability has rekindled warnings about critical support zones for several digital assets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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