TON Drops to $1.93 as Altcoins Lag Behind Bitcoin in Risk-Off Crypto Market

Despite some stabilization signs, TON has experienced a 2% drop to $1.925, caught in a broader risk-off sentiment across cryptocurrency markets. Bitcoin briefly dipped below $100,000, contributing to approximately $1.6 billion in long trader liquidations. The market's downturn was intensified by a $128 million exploit on the Balancer decentralized exchange, raising concerns about protocol security and prompting a flight to safer assets. Currently, TON is consolidating in a narrow range between $1.92 and $1.94, but the momentum appears fragile. A fall below $1.87 could trigger further losses, while a reclaim of $1.95 might suggest a recovery attempt. On the whole, altcoins have suffered significantly, with a minor decline in the overall crypto market index exacerbated by Bitcoin's slight rise. The overall market remains delicate and susceptible to macroeconomic conditions and liquidity challenges.

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