📊 Market at a Glance
Today,the crypto market is experiencing a sharp correction with heightened volatility. Major assets like Bitcoin and Ethereum are leading a broad sell-off, influenced by international warnings and a broader shift in global investor sentiment away from risky assets.
📉 Major Events Today
Topic Details Visual
Market Sell-Off Bitcoin fell ~6% to under $86,000**. Ethereum dropped ~7%. Over **$400 million in leveraged positions were liquidated.
China's Warning The People's Bank of China issued a fresh warning against illegal digital currency activities, contributing to negative s
Bitcoin's New Role Analysis shows Bitcoin now has up to an 80% correlation with high-risk tech stocks, challenging its "digital gold"
🔍 Spotlight on Other Developments
· 📈 Institutional Moves: MicroStrategy has accumulated 650,000 BTC and holds a $1.44 billion cash reserve.
· 🌐 Ethereum Grows: Open interest for Ether futures (CME) now surpasses that of Bitcoin, signaling strong institutional activity.
· ⚡ Solana Integration: Bettors on the prediction market Kalshi can now tokenize and trade their wagers on the Solana blockchain.
The cryptocurrency market remains highly reactive to global financial news and regulatory statements. This shift highlights its growing integration with traditional finance systems.
