Good morning, the market took a hit today.


BTC returned to $66,878, down 6.1% in 24 hours; ETH at $1,866, down 6.4%; BNB at $654, down 5.3%; SOL at $74.8, down 7.4%.
According to CoinGecko data, the total market capitalization has returned to around $2.40 trillion, down 4.9% in 24 hours, but trading volume increased to $144.8 billion, indicating that this wave isn't just people selling, but genuine panic selling.
The news is also quite dense.
A few points from CoinDesk this morning worth noting: Coinbase Ventures directly bought Ethena tokens, paving the way for next week's savings product targeting 100 million users; the UK House of Lords committee has asked the Bank of England to reconsider stablecoin holding limits; the US OFAC has sanctioned several Iranian crypto exchanges again.
Funding sentiment is cautious, and regulatory pressure is still tightening.
My feeling is, in the short term, don’t rush to call a reversal; this looks more like a continued purge of high positions.
Focus on core assets that can withstand, don’t blindly copy altcoins, and first see if BTC can hold above the $66k level.
BTC-3.45%
ETH-5.04%
BNB-5.78%
SOL-4.86%
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GateUser-e750cf9d
· 10h ago
Hop on now!🚗
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GateUser-e750cf9d
· 10h ago
Buy the dip 😎
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