Why is crypto crashing today? Crypto crash news
Bloomberg: Bitcoin could fall to $10,000 in a 20% S&P 500 correction
Why it matters: High correlation with equities means a Wall Street correction could amplify a crypto market decline.
DOGE falls 1.29% to $0.083 amid volume slump
Why it matters: Weak liquidity and the closure of Bitwise's ETF increase the risk of further declines in DOGE.
ZEC falls 3.81% to $1,093, extending correction after rally
Why it matters: Correction after a vertical rise: holding support at $1,074 will determine whether the trend remains upward.
BTC falls below $77,000, down 0.19% on the day
Why it matters: A minor correction at the key $77,000 level amid expectations for the Fed's decision.
ETH falls below $2,500
Why it matters: Losing the $2,500 level could increase selling pressure on ETH and altcoins.
$118.59M in leveraged positions liquidated in 24 hours, 79% longs
Why it matters: The dominance of long liquidations points to pressure on buyers amid sideways BTC movement and declining altcoins.
Circle shares under pressure: $90 support versus Fed rate hike risk
Why it matters: The Fed's decision and the CLARITY Act vote will shape CRCL and the broader crypto sector next week.
McGlone: a 20% S&P 500 drop could send bitcoin to $10,000
Why it matters: A warning of correction risk for holders of BTC and high-beta assets if the macro backdrop deteriorates.
Analysts: Bitcoin less than $5,000 away from bull market level
Why it matters: Both groups of large holders are selling while US funds aren't buying, raising the risk of a long squeeze and a drop to $70,000 support.
Analysts: Bitcoin needs $4,900 to confirm bull market
Why it matters: Whale selling and lack of US demand increase the risk of a long squeeze and a correction to $70,000.
Analysts: Bitcoin $4,900 short of bull market signal
Why it matters: If Bitcoin fails to hold above $81,700, seller pressure and long squeezes could push the price to $70,000 support.
Analyst: Bitcoin less than $5,000 from bull market signal
Why it matters: If BTC fails to hold above $81,700, a long squeeze and a drop to $70,000 support are likely.
Analysts: Bitcoin near bull market, but whales are selling
Why it matters: The simultaneous selling by whales and long-term holders in the $77,100–80,200 zone creates resistance for an upward breakout.
Mexico dismantles illegal crypto farm with 300 GPUs
Mexican authorities are investigating an illegal mining farm with about 300 GPUs in the state of Puebla, discovered due to abnormal energy consumption. Electricity theft from the state energy company is being probed; this is the fourth such operation in the region since the start of last year.
VVV falls 9.52% after 81% monthly gain
Venice Token (VVV) dropped 9.52% to $21.46, correcting 26.2% from its all-time high of $29.08 reached on September 9. Trading volume fell 18% below the 30-day average, indicating profit-taking rather than panic.