The Crypto Market Is Feeling the Heat Right Now 🔥
$BTC is experiencing extreme volatility, having crashed below $61,000 last week before rebounding above $70,000.
The flagship cryptocurrency has dropped nearly 40% from its October peak above $126,000.
What's driving this chaos? U.S. exchange-traded funds that were net buyers last year have turned into sellers in 2026, signaling weakening institutional demand. The total crypto market cap fell to $2.49 trillion, with 92 of the top 100 coins posting losses.
The silver lining? Value investors are stepping in after the sharp capitulation, with buying emerging across all holder cohorts (CoinDesk) . Analysts believe the bear market may be in its "final innings," with strong support expected between $60,000 and $68,000.
Bottom line: crypto remains incredibly volatile. While gold has surged 61% over the past year, Bitcoin has fallen 40% (CNN) , challenging its "digital gold" narrative. The market is testing investor conviction right now.
Stay cautious out there!