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

TON fell 4.5% to $1.93 as a risk-off sentiment impacted the crypto market, causing BTC to temporarily drop below $100,000. This bearish trend led to $1.6 billion in liquidations for long traders. Key support for TON was observed at $1.80 amid a spike in trading volume. The decline was intensified by a $128 million exploit on Balancer, raising concerns around decentralized protocol security. The market has shown signs of stabilization, with TON consolidating between $1.92 and $1.94, but any drop below $1.87 could trigger further losses. A recovery attempt may be indicated if prices reclaim $1.95. Overall, while the broader market remains pressured, particularly for altcoins, BTC exhibited resilience with a 1.4% increase despite the turbulence.

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