Crypto Bloodbath Continues as Major Digital Assets Face Massive Sell-Off Pressure

Market carnage spreads across crypto landscape as top tokens hemorrhage value

The Great Unwinding

Digital asset markets are getting crushed—no other way to put it. Bitcoin's bleeding, Ethereum's eating dust, and the altcoin massacre continues unabated. This isn't your typical dip-buying opportunity; this feels different, more systemic.

Institutional Exodus

Big money's heading for the exits faster than traders can say 'risk-off.' The smart money that piled in during the last rally? They're taking profits—or cutting losses—with both hands. Meanwhile, retail investors are left holding bags while Wall Street types lecture them about proper portfolio allocation.

Technical Breakdown

Key support levels shattered like cheap china. The charts look uglier than a bear market's breakfast—every bounce gets sold, every rally meets immediate resistance. Technical analysts are running out of optimistic patterns to draw.

Remember when your crypto bro told you 'this time it's different'? Turns out the only thing different is the magnitude of losses—and the speed at which traditional finance guys can say 'I told you so.'

Bitcoin Drops by 2.17% and Ethereum Sees 2.15% Dip

Particularly, the price of the leading crypto asset, Bitcoin ($BTC), is nearly $108,795.93. This price level indicates a 2.17% dip, while the market dominance of Bitcoin accounts for 58.9%. In addition to this, ethereum ($ETH) is changing hands at $3,917.88, presenting a 2.15% decrease. Along with that, its market dominance is almost 12.8%.

$AXOME, $SNAKES, and $BPX Lead Daily Crypto Gainers

Simultaneously, the leading crypto gainers of the day include Axoloti Token ($AXOME), Blue Snakes ($SNAKES), and Black Phoenix ($BPX). Specifically, $AXOME has jumped by 3888.14% to reach $0.001393 in terms of price.

Following that, $SNAKES is trading at $0.002537, showing a 3378.45% increase. Subsequently, $BPX has also spiked by 1306.93% as its price has touched $2.81.

DeFi TVL Slumps by 1.58% and NFT Sales Volume Records 6.17% Decrease

Apart from that, the DeFi TVL has plunged by 1.58%, attaining the $151.787B mark. Additionally, the top DeFi project based on TVL, Aave, has witnessed a 2.22% drop, reaching $39.691B. Nevertheless, when it comes to 1-day TVL change, Surf Liquid occupies the top position, accounting for a stunning 499714% increase over twenty-four hours.

Contrarily, the NFT sales volume has dropped by 6.17%, claiming the $26,289,844 spot. Even then, the top-selling NFT collection, 45.com, has recorded a 2.99% rise, while sitting at $6,882,001.

Florida Eyes 10% Crypto Allocation, Ripple Unveils $1B XRP Funding Plan

Moving on, the crypto industry has also seen several developments over 24 hours. Hence, Florida policymakers have proposed the allocation of 10% of overall public funds for digital assets like Bitcoin ($BTC) with the House Bill 183.

 Moreover, Ripple is planning a $1B funding to develop an $XRP accumulation mechanism to better cope with massive volatility. Furthermore, notorious hackers from North Korea are deploying blockchain-based instruments to broaden worldwide cyber campaigns.