Crypto Markets Today: BTC, ETH Prices Sink to Lowest in Months as Liquidity Dries Up

Bitcoin and ether prices have fallen to their lowest levels in months, with Bitcoin now at $93,400 and ether at $3,050. This decline stems from a broader downtrend across major tokens, influenced by shifting expectations regarding the Federal Reserve's interest-rate cuts and reduced liquidity in the market. If Bitcoin drops to $92,840, it may trigger significant liquidations, potentially pushing the price down to around $87,500. The fear and greed index has reached its lowest point since April, indicating 'extreme fear' in the market. Other cryptocurrencies, including Solana and various privacy coins, have also seen sharp declines. The overall sentiment is bearish, as reflected in the derivatives market where put options are favored. Many altcoins are struggling to recover after a sell-off, with major losses noted across the board in recent weeks.

Source 🔗