Crypto Correction Hits: Bitcoin Plunges to $77,000, Ethereum Breaks Below $2,400

The digital gold rush hits a speed bump. Major cryptocurrencies are flashing red, with Bitcoin and Ethereum leading a sharp market-wide retreat that's got traders scrambling.

Bitcoin's Sudden Slide

Bitcoin, the flagship crypto, didn't just dip—it tumbled. The asset sliced through key support levels to land at $77,000. That's a gut-check for portfolios that were riding high just weeks ago. Analysts are pointing fingers at a cocktail of profit-taking and renewed regulatory whispers.

Ethereum's Key Level Cracks

Not to be outdone, Ethereum followed suit, decisively breaking below the psychologically important $2,400 mark. The move undermines the recent stability in the altcoin space and raises questions about the strength of the broader decentralized finance ecosystem built on its network.

This isn't a gentle nudge—it's a shove. The coordinated drop suggests a macro shift in sentiment, not just isolated volatility. While long-term believers are calling it a healthy correction, the short-term pain is very real for over-leveraged positions. Remember, in crypto, the 'fundamentals' often take a backseat when fear hits the charts—a lesson traditional finance types learn the expensive way.