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Bitcoin's crash shows no signs of stopping. Today's crypto market remains tough, with the overall market capitalization dropping significantly. The background of the market sentiment being shaken appears to be heavily influenced by political uncertainty.
What’s concerning is the liquidation pressure over the past few days. Positions are being liquidated one after another, and investors are wary of spillover effects on the entire financial market. The fear index is also rising, indicating a spreading atmosphere of panic selling across the market.
The current price of Bitcoin is hovering around 77.30K. Its dominance remains high at 57%, but the altcoin market is also heavily affected. Ethereum has slightly declined, Solana is maintaining a small gain, while XRP is down about 1%. The entire market is trembling.
Why is it dropping so sharply? It’s not just simple technical selling pressure; macroeconomic uncertainty is significantly impacting investor psychology. Especially, there is a strong sense of caution regarding international policy changes.
What’s most interesting is that even as the overall market declines, some tokens are showing different movements. Story Network is slightly up, while DeXe and PAXG are down. The market may be starting to differentiate.
Even in a downtrend, it’s worth paying attention to the movements of major tokens like SUI and AAVE. How they rebound from here, and until the overall market sentiment stabilizes, a wait-and-see approach is likely to continue.