Crypto Market Sees a Sharp Pullback as Sentiment Turns Risk-Off
The crypto market is facing a broad correction, with major assets trading in the red. Bitcoin is down to $108K (-2.43%), Ethereum has slipped to $3,748 (-4.14%), and altcoins like XRP (-3%), BNB (-4.88%), and Solana (-5.43%) are extending losses. Over the past month, prices have dropped between 10–22%, signaling strong bearish pressure.
This sell-off is mainly driven by growing macro uncertainty — recent hawkish comments from the Fed, rising bond yields, and a stronger dollar have pushed investors away from risk assets. Additionally, profit-taking after months of gains and ETF-related slowdown in inflows have deepened the dip.
What traders should know:
Volatility may persist until macro data softens or market sentiment stabilizes. Short-term traders should manage leverage carefully, while long-term investors can look for accumulation opportunities at key support zones.