Crypto Bloodbath: Bitcoin and Ethereum Plunge as Market Correction Intensifies
Digital assets face brutal selloff as major cryptocurrencies tumble amid broader market uncertainty.
Bitcoin Breaks Key Support
The flagship cryptocurrency shattered critical technical levels as selling pressure overwhelmed buyer interest. Market sentiment turned decisively bearish throughout the trading session.
Ethereum Follows Suit
Ethereum mirrored Bitcoin's downward trajectory, dropping alongside major altcoins. The second-largest cryptocurrency failed to maintain momentum despite recent network upgrades.
Traders Hit Panic Button
Leveraged positions got liquidated across exchanges as volatility spiked. The fear-and-greed indicator flipped to extreme fear territory within hours.
Institutional investors watched from the sidelines—probably calculating their next tax write-off while retail traders got rekt. Classic Wall Street meets crypto moment.
Crypto Price Performance of Top 10:
Top Five Trending DexScan Tokens:
| Trump | $8.45 | 2.59% |
| BR | $0.08345 | 14.83% |
| ROAM | $0.1099 | 6.12% |
| IN | $0.07249 | 4.31 |
| AERO | $1.33 | 6.02 |
Market Sentiment:
The market’s sentiment, as measured by the crypto Fear and Greed Index, is currently at 50, indicating a neutral stance. This suggests a balance between fear and greed, with investors lacking a clear directional conviction.
Furthermore, the Altcoin Season Index is at 47 out of 100, which confirms that Bitcoin’s performance is still dominating the market and capital is not yet flowing heavily into altcoins.
As of the last 24 hours, the bearish movement has caused traders to lose big as the total liquidations stand above $866.16 million. WIth 67,609 traders liquidated, the largest single liquidation order happened on OKX – BTC-USDT-SWAP value $12.49M.
Also Read: Whales Move to Ethereum, bitcoin Retreats Near $112,700 Mark
