The cryptocurrency market is experiencing significant downward pressure today, with major coins seeing sharp declines amid broader risk-off sentiment, potential shifts in U.S. monetary policy expectations, and thin weekend liquidity amplifying volatility.
**Key Highlights:**
- **Bitcoin ($BTC )** is trading around **$75,000–$76,000**, down roughly 2–4% in the last 24 hours (with some reports showing brief dips near $74,000–$75,000 over the weekend). This marks a continuation of recent losses, putting BTC about 40% below its 2025 peak (around $120,000–$126,000 in late 2025). Analysts point to factors like speculation around a more hawkish Federal Reserve chair nominee (e.g., Kevin Warsh), heavy liquidations, and a lack of dip-buying conviction. Institutional players like MicroStrategy face paper losses on holdings nearing $1 billion at these levels, though some (like Michael Saylor) signal continued accumulation.
- **$ETH $ETH (ETH)** and many altcoins are performing worse, with ETH down around 4–9% (trading near **$2,200** in some updates), and others like SOL, XRP, DOGE, SHIB, and PEPE seeing 3–6%+ drops. The overall market has shed substantial value recently, with some reports noting $200 billion+ wiped out in recent sessions.
- Broader market vibe: Described as a bear market by some institutions, with investors in "extreme fear" after a $20K+ BTC drop in recent weeks. Despite this, surveys show many still view BTC as undervalued long-term. Thin liquidity has exacerbated moves, and there's talk of a "crisis of confidence" as traditional safe havens like gold/silver rally while crypto lags.
**Other Notable Updates:**
- Jupiter integrates Polymarket on Solana and secures a $35M investment from ParaFi Capital.
- India's Budget 2026 keeps crypto taxes and TDS unchanged but adds penalties for compliance lapses.
- Ongoing U.S. discussions around crypto legislation and stablecoin impacts on banking (potential $500B deposit shift by 2028 per some estimates).
The market remains highly volatile—always do your own research (DYOR) and consider risk management. Prices can shift quickly based on news or macro events. For live prices, check reliable sources like CoinMarketCap, Binance, or CoinDesk.