🚨 Crypto prices are dropping today, with Bitcoin sinking to multi-week lows as bearish sentiment intensifies and traders liquidate positions. Broader markets weakness (tech stocks down) is also dragging crypto lower.
📉 Major altcoins — including Ethereum, XRP, $BNB #Solana — are sliding alongside $BTC ,squeezing market cap.
📊 Crypto-linked stocks and miners are also under pressure as BTC remains weak.
What’s driving the sell-off
📌 Macro factors: Speculation about U.S. Federal Reserve leadership and tighter policy expectations is hurting “risk assets” including crypto.
📊 Broader market risk-off sentiment after equity sell-offs is dragging down crypto.
📈 Some traders are liquidating leveraged positions after recent downside moves, compounding pressure.
🧠 Market Sentiment
Fear is currently dominating narratives, with some traders on forums predicting deeper corrections before stabilization.
The “digital gold” narrative for Bitcoin is being questioned as gold outperforms during this sell-off.
⚖️ What to Watch Next
Support & resistance levels
Key near-term support for BTC is around $80,000, with major psychological levels below.
A break below this could trigger further downside; a reclaim above recent resistance could signal stabilization