Bitcoin (BTC) recently experienced a sharp sell-off, with prices falling over 12 % in one day and dropping to around $63,500,
contributing to a ~$2 trillion loss in total crypto market value since last year’s peak. Ether and other large tokens also saw notable declines, reflecting weakening investor sentiment and broader market volatility.
Despite that drop, there’s evidence of a relief bounce, with Bitcoin reclaiming near $70 K and many altcoins posting rebound gains in the latest trading sessions — but the overall environment remains very volatile.
🪙 Specific Crypto Updates
Ethereum (ETH) scaling developments are underway — for example, ENSv2 is launching on Ethereum’s mainnet to reduce costs and simplify naming services, which could impact network usage and developer activity.
AI-linked crypto projects have been gaining attention, with segments of that sector adding notable value recently, indicating some areas are outperforming general market weakness.
📊 Short-Term Market Tone
After a period of steep sell-offs and liquidation events, parts of the market are showing short-term recovery signs — but fear & greed sentiment is extremely low, signaling caution among traders.
Bitcoin and other assets still face pressure from macroeconomic influences (like stock market correlation and investor risk aversion), which can keep prices choppy.
Liquidity and trading volumes — heavy liquidation events can trigger more volatility if leveraged positions continue to unwind.
Regulatory news and on-chain developments — technological upgrades or policy changes often influence sentiment and adoption long
