Crypto Asset Market Panic‼️‼️‼️

The total market capitalization of crypto assets has experienced sharp volatility, plunging nearly US$291 billion at its intraday low. Prices then slightly recovered, limiting daily losses to around US$183 billion. TOTAL is now valued at approximately US$2.63 trillion, reflecting a still fragile condition as risk sentiment remains weak in the global market.

Downside risks still loom over the crypto asset market broadly. TOTAL could fall below the support level of US$2.61 trillion if selling pressure reappears. A breakdown could push the market closer to US$2.50 trillion. Concerns over a potential US government shutdown have already triggered panic and could worsen market conditions.

The crypto asset market lost US$183 billion today, with downside risks continuing amid macroeconomic panic.

Bitcoin fell below US$80,000, confirming a bearish wedge and targeting the support level of US$75,850.

The river has dropped again, losing the 50-day exponential moving average (EMA) and is at risk of a deeper decline towards US$11.

#WhenWillBTCRebound $BNB $AAVE $TON