Crypto Plunges as Yields Drain Market Liquidity
From puprime.com
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 ...
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