📰 24 Hour Crypto Report — Market Crash Update 📉 Major Market Crash In the last 24 hours, the crypto market has seen a severe downturn. Bitcoin (BTC) has dropped nearly 5–6% and traded between $86,000 – $86,300. Ethereum (ETH) has also witnessed a decrease of about 5–6%, and other major altcoins like Dogecoin (Doge), Solana (SOL), and Cardano (ADA) have also significantly declined. 🧨 Impact on Market Cap and Liquidations As a result of this crash, approximately $140–$162 billion (USD) in market value has been wiped from market cap. Additionally, millions of trading positions were liquidated — especially long positions — which has triggered further selling in the market. 🔻 Performance of Major Coins (last 24h): Bitcoin (BTC): approximately –5% to –6% Ethereum (ETH): approximately –5% to –6% Dogecoin (DOGE): approximately –5% to –8% Solana (SOL): approximately –6% to –7% Cardano (ADA): approximately –7% to –8% The market is in a "risk-off" mode — investors are shying away from risk and preferring cash. Some experts believe the reason for the crash was due to the combination of market liquidity and bearish sentiment.
🌐 I had mentioned in my last update that BTC's local bottom (temporary) is 80k, and it tends to get a good bounce from the local bottom, so you will see prices going higher. 🌐 Right now, the price is testing the 90k—92k key area; if it does not get rejected from here, there is strong resistance at the yearly open, and above that, the maximum region is 98k—100k. This bounce should end there, and then prices will come down again, and then the 70's zone will be visited, where buying should take place. 🌐 All levels are marked on my end; patient traders never rush and buy at prices they prefer and hold for the long term, while short-term impatient people quickly buy at high prices due to FOMO and then end up losing all their money holding. 🌐 Overall, the market is bearish in the bigger picture, and this pump should end by creating a lower high. 📌 Note: This is my understanding of the market; please do your own research too.