$BTC (BTC): Has fallen below the critical $80,000 psychological level, currently trading around $78,566, down approximately 6.5% in the last 24 hours. This is its lowest price point since late November 2025.
$ETH (ETH): Is facing a sharper decline, down over 10% today and trading near $2,446.
$SOL (SOL): One of the hardest hit among top assets, dropping over 11% to roughly $104.
Altcoins: Most major tokens like BNB, XRP, and Cardano (ADA) are also seeing losses between 5% and 10%.
Key Market Drivers
Fed Chair Transition: The nomination of former Federal Reserve Governor Kevin Warsh to replace Jerome Powell has rattled investors. Market participants fear Warsh may adopt a more hawkish stance, potentially tightening liquidity and reducing the Fed's balance sheet.
Global Liquidity Fears: Rising concerns that the era of "easy money" is ending have led to a broader sell-off in risk assets. This has also affected traditional markets, with gold and silver experiencing notable price drops alongside crypto.
Heavy Liquidations: Over $770 million in long positions were liquidated in the past week as support levels broke, fueling further downward pressure.
Sentiment: The Crypto Fear & Greed Index has plunged into "Extreme Fear" (18/100).
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