The cryptocurrency markets experienced heightened volatility this week, marked by a sharp sell-off in Bitcoin and cascading pressure across major altcoins. Bitcoin recently broke below key support levels near $88,000, sparking algorithmic liquidations totaling over $300 million in a 24-hour period as traders rushed to de-risk amid macro uncertainty and geopolitical tension.
This drop wasn’t isolated — Ethereum and Solana both posted declines, with Solana shedding more than 7%, reflecting how risk assets often track broader liquidity conditions.
Still, the broader market shows tentative signs of stabilization, with BTC finding a floor near ~$88,300 as cautious investors wait for key monetary policy signals from the Federal Reserve.
Why the sell-off?
• Macro forces — tightening liquidity expectations ahead of rate decisions.
• Algorithmic trading — automated systems triggered liquidations as support levels failed.
• Rotation into safer assets, reinforcing crypto’s growing correlation with traditional markets.
Key Levels & Coin Pairs:
• $BTC
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Tags: @Bitcoin @Ethereum @Solana Official @Bitcoin