🚨 Wall Street had its WORST day since April 2025… and Bitcoin erased the entire post-election rally 👀
Everything was sold today, and crypto was no exception.
🟠 Bitcoin (~76,000): fell nearly 6% and touched 75,500, giving back yesterday’s climb above 80,000. The blow came from AI and chip stocks: the S&P 500 fell ~4% and chips ~11%, amid fears that the new governors could slow the construction of data centers. More than 1,000M in bullish bets were liquidated (forcibly closed); if weakness continues, the levels to watch are 73,000 and 68,000.
🔷 ETH (~2,250): fell ~7% and lost the 2,400 level it had reclaimed, just one day after its ETFs ended seven straight days of outflows. Meanwhile, the network keeps moving forward: tests are now underway on the mainnet to confirm transactions in about 13 seconds. For investors, the price is moving with Wall Street, not with the technology.
🔺 AVAX (~8.21): fell ~7% on the day and returned to its strong support at 8.23. Behind the scenes, deposits in a new version of a major lending platform on Avalanche hit a record 125M. Watch Sunday: ~1.67M new AVAX will be released into the market.
U.S. jobs data comes out tomorrow, Friday, and could determine whether this was just a scare or the start of something bigger.
Are you buying this dip or waiting for tomorrow’s data? 👇
#Bitcoin #ETH #AVAX
Everything was sold today, and crypto was no exception.
🟠 Bitcoin (~76,000): fell nearly 6% and touched 75,500, giving back yesterday’s climb above 80,000. The blow came from AI and chip stocks: the S&P 500 fell ~4% and chips ~11%, amid fears that the new governors could slow the construction of data centers. More than 1,000M in bullish bets were liquidated (forcibly closed); if weakness continues, the levels to watch are 73,000 and 68,000.
🔷 ETH (~2,250): fell ~7% and lost the 2,400 level it had reclaimed, just one day after its ETFs ended seven straight days of outflows. Meanwhile, the network keeps moving forward: tests are now underway on the mainnet to confirm transactions in about 13 seconds. For investors, the price is moving with Wall Street, not with the technology.
🔺 AVAX (~8.21): fell ~7% on the day and returned to its strong support at 8.23. Behind the scenes, deposits in a new version of a major lending platform on Avalanche hit a record 125M. Watch Sunday: ~1.67M new AVAX will be released into the market.
U.S. jobs data comes out tomorrow, Friday, and could determine whether this was just a scare or the start of something bigger.
Are you buying this dip or waiting for tomorrow’s data? 👇
#Bitcoin #ETH #AVAX
