The cryptocurrency market is witnessing a massive selloff, with Bitcoin crashing as much as over 30% from its October all-time high of nearly $126,000. Analysts attributed this fall to profit-booking, slower ETF inflows, and global macro uncertainty. Though Bitcoin and Ethereum are facing huge pressure, altcoins like Internet Computer, Filecoin, Hyperliquid and Aster are surging by up to 17%.
The crypto gainers for the day are Internet Computer with over 16.47%, followed by Aster by over 9.2%, Hyperliquid 5.6%, Monero 3.1%, and MemeCore 1.1%.
Bitcoin, the world’s largest crypto, traded at $89,390 in the afternoon, the lowest level since April.
According to CoinDCX Research Team, “The crypto winter has begun as the Bitcoin price marked an intraday low of around $90,250, levels not visited since April. With this, the Ethereum price also lost the strongly held support at $3000, confirming the beginning of a bearish phase. BNB slipped below $900, Solana heads close to $130, Dogecoin is trading around $0.15 and Cardano is close to $0.45. Meanwhile, XRP stands strong above $2.11 and Chainlink trades above $13.11. The gainers for the day include Internet Computer with over 11.73%, followed by Filecoin by over 5.5% and Hyperliquid by over 3%. On the other hand, Starknet plunged by over 20%, followed by Dash and Zcash by over 15% each and Pump.fun and Decred by over 13% each. The overall market sentiment has dropped to extreme fear.”
What Should Investors Do?
CoinSwitch Markets Desk in its note said, “BTC, after a period of consolidation, dropped below $9K but has since seen a partial recovery. The pullback was driven by long-term holders taking profits, slower ETF inflows, and temporary macro uncertainty. With the U.S. shutdown delaying key economic data and uncertainty around rate cuts, investors remain cautious. BTC is holding firm above the $93K support zone while facing near-term resistance at $95K and a stronger ceiling at $96K-$96.5K. Until a clear macro catalyst or fresh institutional flows emerge, Bitcoin may continue moving sideways. Traders should manage risk and wait for confirmed signals before taking new positions.”
