Overview
- The largest cryptocurrency fell under $102,000, trading near $101,400 and touching about $101,055 during the session, as broader altcoins posted sharp losses led by Solana, BNB and Cardano.
- Roughly $1.28–$1.3 billion in leveraged crypto positions were wiped out over 24 hours, pointing to cascading forced selling.
- Bitcoin’s reported 24-hour trading volume roughly doubled to about $74 billion, signaling intense exit activity.
- Market sentiment slid into “extreme fear,” with the Crypto Fear & Greed Index around 27 out of 100.
- The pullback followed a 25-basis-point Fed rate cut and a $29.4 billion liquidity injection as Chair Jerome Powell signaled further easing is not guaranteed, keeping risk appetite weak.