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

TON fell by 2% to $1.925 in a risk-off sentiment across crypto markets, briefly pushing Bitcoin below $100,000, leading to approximately $1.6 billion in liquidations for long traders. This decline was intensified by a $128 million exploit on the Balancer decentralized exchange, raising concerns over protocol security and prompting a flight to more secure assets. Despite some signs of stabilization and consolidation between $1.92 and $1.94, the momentum for TON remains fragile, with a crucial support level at $1.87. Analysts indicate that losing this support could result in further losses. Market liquidity in altcoins has been notably thin, making them particularly vulnerable during these macroeconomic drawdowns. Overall, while there are signs of a potential recovery if the price can reclaim $1.95, the environment is predominantly cautious due to recent market movements and security breaches.

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