The crypto market crash has burnt the pockets of investors and traders by a significant extent. This has resulted in the market cap sinking by 6.15% to $2.64 trillion. The fall was mainly catalyzed by Donald Trump’s proposed tariffs and the global trade war. Amidst the turn of events, $714 Million was wiped out of the market. The ongoing concerns have led to traders monitoring Bitcoin’s CME gap between $77k and $81k, as BTC could potentially test these levels. Coming to the Fear & Greed Index, the metric is now cautioning fear with a score of 21.
Bitcoin price has plunged by 6.40% in the past 24 hours, now changing hands at $79,898.36. This marks a significant year-to-date decline of 14.69%. However, BTC’s 24-hour trading volume has increased by 3.83% to $69.36 billion, suggesting traders buying the dip.
Read our Bitcoin Price Prediction 2025, 2026-2030, to understand BTC’s potential recovery path.
Ethereum is among the worst-hit altcoins, bearing a 9.52% decline to $2,112.61 in a single day. Solana and XRP have also witnessed steep corrections, dropping 8.52% and 8.47%, respectively..
For a peek into ETH price trajectory, check out our Ethereum Price Prediction 2025, 2026-2030.
Despite the overall market slump, a few tokens managed to stay in the green.
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TAO, VIRTUAL, and STORY IP have been the biggest losers, with declines exceeding 15%.
The Fear & Greed Index is at 21, indicating strong investor fear amid the ongoing market downturn.
Yes, Bitcoin will recover, as the market sentiments settle from being fearful. And the current dip makes it a good investment both for short and long term.
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