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Crypto Plunges as Yields Drain Market Liquidity
The cryptocurrency market experienced a sharp downturn in the recent session, with Bitcoin (BTC) sliding below the $74,500 mark amid heightened volatility and cascading liquidations. This decline reflects broader risk-off sentiment across global risk assets, pressuring both major cryptocurrencies and altcoins. Ethereum (ETH) followed suit, experiencing correlated losses as market participants reassessed exposure to high-beta assets. Investor risk appetite has deteriorated significantly, as evidenced by the Crypto Fear and Greed Index falling into “Extreme Fear” territory around 25. This low reading indicates ... (full story)
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