Crypto market is in full panic mode as Bitcoin leads a sharp sell-off
➟ Bitcoin drops below 104k, trading around 103,760, down 3.6% in 24h
➟ BTC has pulled back ~17.5% from its October high near 113k
➟ Over 1.3B liquidated across the market, mostly long positions
➟ Key triggers: Fed uncertainty, strong dollar, Elon Musk’s $38T US bankruptcy warning
Altcoins bleeding harder -
➟ Ethereum down 6.4% to 3,491
➟ Solana drops 10.9% to 160
➟ BNB -6.7%, XRP -4.7%, Dogecoin -4.5%, ADA -5.9%
➟ Many altcoins falling 8-10% due to high leverage and BTC correlation
Other factors -
➟ DeFi hack loses 128M, sta