The crypto market is under heavy pressure today, with Bitcoin and major altcoins seeing sharp declines. Here’s a clear snapshot of what’s happening: Market Downturn Bitcoin (BTC) fell below $71,000, trading around $70,427, down 7.6% in 24 hours. BTC has dropped in 7 of the last 8 sessions and is now more than 40% below its October peak. Ethereum (ETH) declined 7.4% to $2,098.92. XRP plunged 10% to $1.42. Solana (SOL) dropped 6%, Cardano (ADA) eased 5%, and Polygon (MATIC) lost 3.2%. BNB fell below 690 USDT, trading at 689.53 USDT, down 9.27% in 24 hours. Overall, the crypto market is down over 6%, with the CeFi sector hit the hardest. Other Key Developments Bhutan reportedly sold over $22 million in Bitcoin, raising concerns about possible further sell-offs. Vitalik Buterin criticized Coinbase’s control over Base, noting that as Ethereum fees fall, many Layer-2 chains may lose their core purpose. The founder of the dark web market “Incognito” received a 30-year sentence for a $105 million crypto drug operation. Ripple (XRP) is preparing to enter the $24B Real-World Asset (RWA) market by adding a permissioned layer to XRPL for institutional use. Binance reported an increase in assets during a suspected bank-run attempt. Google Gemini AI released long-term price predictions for XRP, ETH, and SOL through the end of 2026. Stay cautious, manage risk, and keep an eye on market structure as volatility remains high.
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📊 Crypto Market Update | Rebound With Caution The crypto market is showing signs of recovery today after a recent sell-off, but sentiment remains cautious. Here’s a clear breakdown of what’s happening 👇 🔹 Market Rebound & Price Action Bitcoin (BTC), BNB, Cardano (ADA), and Avalanche (AVAX) are all trading higher. • BTC: ~$78,465 (+5.2% in 24h) • Market Cap: $2.7T (+2.8%) This move appears to be a technical bounce after oversold conditions, with BTC now consolidating in the $78K–$80K range following a dip near $75K. 🔹 Market Sentiment Remains Weak Despite the rebound, the Crypto Fear & Greed Index is still in Extreme Fear at 17. Investors remain defensive, and analysts warn this could be a relief rally, not a confirmed trend reversal. Macroeconomic and geopolitical uncertainty continue to push capital toward traditional safe havens. 🔹 Long-Term Bitcoin Conviction Bitcoin strategy manager Chaitanya Jain reaffirmed a buy-and-hold approach, stressing confidence in Bitcoin’s long-term growth rather than short-term trading or speculation. 🔹 Positive ETF Signal Spot Bitcoin ETFs recorded $562M in daily inflows, breaking a recent outflow streak. This signals renewed institutional interest during market weakness. 🔹 Adoption & Infrastructure Growth • ING has opened retail access to Bitcoin, Ethereum, and Solana ETPs in Germany. • KBank, an Upbit partner, has filed stablecoin wallet trademarks ahead of its IPO, highlighting continued expansion in crypto infrastructure. 📌 Bottom Line: The market is bouncing, but fear still dominates. Short-term volatility remains likely, while long-term players continue to accumulate strategically.
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The crypto market is under pressure as volatility spikes and sentiment turns cautious. Here’s a clear breakdown of what’s happening right now: 🔻 Market Overview Major assets like Bitcoin (BTC), Ethereum (ETH), XRP, Litecoin (LTC), Cardano (ADA), and EOS have seen notable declines. Bitcoin is hovering near one-month lows, extending last week’s sharp sell-off. Recent market turbulence triggered heavy liquidations, with estimates reaching $1.6 billion. Analysts remain divided, especially on Ethereum’s near-term direction, keeping sentiment mixed. 🏛️ Regulatory & Policy Developments US Senators criticized the DOJ following the shutdown of its Crypto Crime Unit. New York prosecutors are pushing to criminalize unlicensed crypto operations. The SEC and CFTC are relaunching Project Crypto to enhance on-chain oversight and are urging Congress to fast-track market structure legislation. 🏢 Industry & Institutional Updates Binance co-founder CZ denied claims that Binance was responsible for recent large-scale liquidations. Bank of America’s CEO warned that up to $6 trillion in bank deposits could move into stablecoins. Fidelity is reportedly preparing to launch its own stablecoin, Fidelity Digital Dollar (FIDD). Tether is expanding tokenized gold payments through its Scudo rollout. ₿ Bitcoin & Network Insights Bitcoin’s network hash rate is down around 12% since Nov 11, the biggest drop since October 2021. MicroStrategy’s BTC holdings are currently valued below their average acquisition price due to recent declines. 🌍 Other Noteworthy News Metaplanet (Japan) announced a $137M capital raise via third-party allotment. Justin Sun plans to increase Bitcoin exposure within the Tron ecosystem. Bybit revealed a roadmap to evolve into a broader financial platform by 2026. The Ethereum Foundation is implementing a five-year “mild austerity” plan, reallocating 16,384 ETH and refocusing on core protocol development. 📈 Market Prices (10:17 UTC) BTC: $79,054.87 (24h: -4.75%) ETH: $2,430.75 (24h: -8.08%) BNB: $780.01 (24h: -6.87%) Stay alert. Volatility creates risk, but it also creates opportunity for those who stay informed.