🚀 BTC V-SHAPE REVERSAL! Bitcoin Blasts Back Above $93k After $84k Scare—Extreme Volatility Dominates! 💥
Title: Altcoins Lag:
$ENA (-17%) &
$OP (-13%) Hit Hardest While High-Beta Tokens
$SUI (+28%) and $PEPE (+17%) 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, with futures prices now trading 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 zone, reading at 27, reflecting a notable shift from the Extreme Fear low of 18 last week. Historically, extreme fear often coincides with market bottoms, suggesting this rally may have legs.
📉 The Altcoin Lag: Deep Damage & Risk-Off Rotation
Altcoins were hit disproportionately harder and are struggling to follow BTC's lead. This behavior is common during bear markets or high uncertainty, where investors rotate capital from riskier altcoins back to BTC, viewing it as a more stable asset:
$ENA /FDUSD (DeFi): Still showing the largest sustained loss, down -17.74% at 0.2397.
$OP /FDUSD (Layer 2): Deeply down by -13.27% to 0.2810.
$BNB/FDUSD: Reeling from the crash, down -9.41% at 815.12.
$LTC/FDUSD: Down -10.47% at 75.63.
$TAO/FDUSD (AI/L1): Down -12.87% at 258.0.
Will BTC hold 93k and break the 94,000 resistance to target 100,000? 👇
#Bitcoin #BTC #BNB #Altcoins #CryptoCrash