Market Overview
The cryptocurrency market is slipping amid macroeconomic uncertainty, with total market capitalization falling by approximately $75 billion to $3.86 trillion.CoinCentral
Wheeler-watchers note that Bitcoin and Ethereum are down nearly 1% or more, reflecting cautious sentiment.
Liquidations and Volatility
Crypto traders have felt the sting of over $400 million in liquidations, as Bitcoin dipped below $115,000 and Ethereum hovered under $4,200.
Technical & Sentiment Signals
Market breadth indicators suggest short-term weakness not just in crypto but also in the Nasdaq, even though long-term trends remain bullish.
Bitcoin’s price continues to undergo a correction, pulling back from its recent all-time high (~$124K), now trading near $115K. Analysts see this as a healthy consolidation within a still-bullish framework, provided support at $108K–$110K holds.
Summary
The market is navigating a pullback fueled by broader macro concerns—particularly inflation and shifting Fed policy expectations. Overall, it's a pause rather than a reversal. Risk-averse sentiment prevails, but long-term investors may view current price levels as an opportunity to accumulate.
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