🚨 Bitcoin is now worth HALF of its peak… and nearly $700M got wiped out in just one hour 👀
Saturday night, and the market is still in free fall.
▪️ Bitcoin (~63,500): it’s almost 50% down from its record high of 126,000 and hit its lowest level since August. When it broke below 64,000, around $690M was liquidated in one hour, 97% of it from people betting on prices going up. This happened in July too: it fell 53%, hit 58,500, and then climbed back above 80,000. But this time, the next levels to watch are 62,000 and 60,000.
▪️ Ethereum (~1,750): down ~9% in 24 hours and now 65% below its peak. To catch its breath, it needs to reclaim the 1,850–1,900 range; otherwise, this year’s low of 1,566 is back in sight.
▪️ AVAX (~7.10): it held up better than BTC and ETH this week thanks to the New York Stock Exchange news, but today it plunged (-13%). That platform still needs approval, and the market is selling the promise while it waits.
Why all the fear? The market is now almost certain the Fed will RAISE rates in December, and expensive money pulls cash out of crypto.
Would you buy at half price or wait for 60,000? 👇
#Bitcoin #ETH #AVAX
Saturday night, and the market is still in free fall.
▪️ Bitcoin (~63,500): it’s almost 50% down from its record high of 126,000 and hit its lowest level since August. When it broke below 64,000, around $690M was liquidated in one hour, 97% of it from people betting on prices going up. This happened in July too: it fell 53%, hit 58,500, and then climbed back above 80,000. But this time, the next levels to watch are 62,000 and 60,000.
▪️ Ethereum (~1,750): down ~9% in 24 hours and now 65% below its peak. To catch its breath, it needs to reclaim the 1,850–1,900 range; otherwise, this year’s low of 1,566 is back in sight.
▪️ AVAX (~7.10): it held up better than BTC and ETH this week thanks to the New York Stock Exchange news, but today it plunged (-13%). That platform still needs approval, and the market is selling the promise while it waits.
Why all the fear? The market is now almost certain the Fed will RAISE rates in December, and expensive money pulls cash out of crypto.
Would you buy at half price or wait for 60,000? 👇
#Bitcoin #ETH #AVAX
