The crypto market continued last weekend’s selling pressure today (the 15th), falling further after 9 a.m. Bitcoin dropped to a low of $62,006, its lowest since mid-July, down about 9% over 24 hours; Ethereum fell to a low of $1,711, losing more than 10%. (Previously: Two dormant Bitcoin addresses transferred 100 BTC after 16 years; they were worth just $6 back then) The crypto market continued last weekend’s selling pressure in early trading today (the 15th), falling further after 9 a.m. Bitcoin (BTC) dropped to a low of $62,006 on Binance, its lowest since July 13. It was trading at $62,365 as of 9:48 a.m., down 8.77% over 24 hours and about 23% from its November 5 high of $80,669. Ethereum (ETH) plunged 10.61% to $1,726, hitting an intraday low of $1,711. It broke below its previous 30-day low of $1,729, reaching its lowest level since early July. SOL and XRP also fell 12.3% and 10.2%, respectively, as extreme fear gripped the entire market. What triggered the selling pressure U.S. stocks closed mixed on Friday (the 14th). The Dow Jones Industrial Average edged up 50.46 points (+0.10%) to 52,347.55, while the S&P 500 fell 30.73 points (-0.40%) to 7,561.67 and the Nasdaq Composite dropped 229.82 points (-0.91%) to 25,136.27. Pressure on tech stocks stemmed mainly from the ripple effects following the resignation of former NVIDIA CEO Jensen Huang. Meanwhile, the U.S. 10-year Treasury yield remained above 5.1%, fueling expectations that the Federal Reserve (Fed) will continue raising interest rates and weighing on risk assets across the board. Other major cryptocurrencies SOL was trading at $67.81, down 12.3% over 24 hours. It reached a high of $96.78 on November 5 and a low of $67.41 this morning, its lowest since late June. XRP was trading at $0.9061, down 10.2% over 24 hours and about 32% below its November 5 high of $1.323. Its low of $0.893 this morning was the first such level since November 2024. The two major coins weakened alongside BTC and ETH, reflecting a broad reduction in risk exposure by investors. Technical analysis: Bitcoin retreats to the lower Bollinger Band as RSI enters oversold territory Based on Bitcoin’s November 14 UTC close of $64,150: RSI14 stood at 19.7, in oversold territory; SMA20 was at $75,911, SMA50 at $80,225, and SMA200 at $73,031, with the closing price below all three moving averages. The MACD remained bearish, with the histogram expanding from the previous day (indicating strengthening momentum). The lower Bollinger Band (20,2) was at $67,697, and the closing price was near the lower band. Resistance levels, from nearest to farthest, are the lower Bollinger Band at $67,697 → SMA200 at $73,031 → SMA20 at $75,911. The former support at the 30-day low of $63,320 had already been breached this morning; the next level to watch is the July 13 low of $61,825. Based on Ethereum’s November 14 UTC close of $1,769: RSI14 stood at 19.2, in oversold territory; SMA20 was at $2,191, SMA50 at $2,398, and SMA200 at $2,146, with the closing price below all three moving averages. The MACD was bearish, with the histogram expanding (indicating strengthening momentum). The lower Bollinger Band (20,2) was at $1,881, and the closing price was near the lower band. Resistance levels, from nearest to farthest: the lower Bollinger Band at $1,881 → SMA200 at $2,146 → SMA20 at $2,191. The former support at the 30-day low of $1,729 had already been broken this morning; the next level to watch is the July 3 low of $1,695. Sentiment and outlook The alternative.me Fear and Greed Index stood at 10 today (the 15th), indicating extreme fear. It fell further from 13 the previous day (-3). The range over the past eight days was 10–32, with today’s reading marking the bottom of that range. Last week’s upheaval in personnel at a semiconductor giant, higher-than-expected inflation data, and the Fed’s increasingly hawkish rate path combined to leave risk assets without near-term support to halt their decline. Related articles Bitcoin slides further to $67,000, Ethereum falls below $1,900! Fear index drops to 13 and continues falling U.S. stocks close lower on Friday: chip stocks face renewed sell-off, AMD plunges nearly 9% Bitcoin falls below $70,000) BTC wicks down to $67,568, its lowest in nearly three months Bitcoin drops 3.9% to $70,600, Ethereum crashes to $2,001! Jensen Huang’s resignation sends fear index lower Machi Big Brother gets liquidated 2,100 times on Papertrade, losing $2.22 million! Gives away a Bored Ape for netizens to win This article was independently compiled and reported by BlockTempo. Data sources: Binance, CoinGecko, and alternative.me. “Bitcoin plunges to $62,000, a four-month low; Ethereum falls below $1,750! Market gripped by extreme fear” was first published on BlockTempo (the most influential blockchain news media).