Market Update:
BLOOD MORNING 🛑🛑🛑
Bitcoin plummeted to $55,000, while Ethereum slipped below $3,000, with altcoins experiencing a drastic 20-25% decline within a 24-hour period. The biggest losers include NOT (-25%), BRETT (-25%), STRK (-23%), CORE (-23%), and FTM (-22%).
The market witnessed a significant liquidation of margin positions, totaling nearly $600 million in a single day. The Fear and Greed Index has plummeted to 29, indicating extreme fear in the market.
This sudden downturn highlights the volatile nature of the cryptocurrency market, emphasizing the importance of prudent risk management and thorough market analysis.
