Market Update:

BLOODY MORNING 🛑🛑🛑

Bitcoin fell to $55,000 while Ethereum fell below $3,000, with altcoins experiencing a sharp decline of 20-25% in 24 hours. The biggest losers were NOT (-25%), BRETT (-25%), STRK (-23%), CORE (-23%) and FTM (-22%).

The market saw significant liquidation of margin positions totaling approximately $600 million in one day. The fear and greed index fell to 29, indicating extreme fear in the market.

This sudden decline highlights the volatile nature of the cryptocurrency market, highlighting the importance of prudent risk management and careful market analysis.

$BTC $NOT $STRK #Ethereum #Bitcoin #binance #LEDGER #Polygon

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