Major Cryptocurrencies Plummet as Market Fear Reaches Extreme Levels
Leading cryptocurrencies experienced significant declines on Monday amid widespread market liquidations exceeding $1 billion.
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Monday brought severe losses to the cryptocurrency market, with Bitcoin falling below $106,000 and Ethereum dropping under $3,600. The market witnessed $1.28 billion in liquidations within 24 hours, primarily affecting long positions.
Major cryptocurrencies showed substantial declines: Bitcoin (-2.46%), Ethereum (-5.62%), XRP (-6.39%), and Solana (-10.27%). The Crypto Fear & Greed Index entered 'Extreme Fear' territory, while trading volumes doubled.
Despite the downturn, analysts remain cautiously optimistic, with some predicting Bitcoin could test $115,000-$120,000 levels if market sentiment improves.
Original Article
benzinga.comhttps://www.benzinga.com/crypto/cryptocurrency/25/11/48610804/og-bitcoin-ethereum-xrp-dogecoin-plummet-as-extreme-fear-grips-investors-analyst-says-eth-e