Bitcoin Blasts Back Above $93k After $84k Scare—Extreme Volatility Dominates! 💥
Title: Altcoins Lag: $ENA (-17%) & $OP (-13%) Hit Hardest While High-Beta Tokens $1000LUNC (+53%) and $SUI (+28%) Defy the Crash!
Body:
The crypto market delivered a seismic volatility event this week, characterized by a massive liquidation cascade. Bitcoin plunged to a low of $84,085.00 before executing a swift and powerful V-shaped recovery, consolidating around $93,373.9. ETH also followed suit, recovering from 2,831.95 back above 3,000.
The Crypto Fear & Greed Index is currently in the Fear or Extreme Fear zone, with readings around 22-25. The market remains highly fearful, which, historically, can present accumulation opportunities for long-term investors as the market is often oversold during such sentiment.
📉 The Altcoin Bloodbath: Deep Damage & Risk-Off Rotation
Altcoins were hit disproportionately harder and are struggling to follow BTC's lead, signaling a market shift to risk-off sentiment:
$ENA/FDUSD (DeFi): Still showing the largest sustained loss, down -17.74% at 0.2397. (Current price 0.25091).
$OP/FDUSD (Layer 2): Deeply down by -13.27% to 0.2810. (Current price 0.297012).
$TAO/FDUSD (AI/L1): Down -12.87% at 258.0. (Current price 284.95).
$BNB/FDUSD: Reeling from the crash, down -9.41% at 815.12. (Current price 870.13).
