Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
The cryptocurrency market is facing intense selling pressure this Thursday, with Bitcoin (BTC) and Ethereum (ETH) leading a broad-based retreat that has sent total market capitalization sliding over 6%. Bitcoin recently dipped below the psychological $72,000 mark, falling nearly 5%, while Ethereum has struggled to maintain its footing above $2,100 following a 4.66% drop. The decline is most acute in the CeFi sector, which tumbled 6.05% behind heavy losses from Binance Coin and Nexo. Despite the sea of red across Layer 1 and PayFi assets, pockets of resilience remain; White Whale (WHITEWHALE) surged over 28%, and DeFi newcomer River (RIVER) gained 13.69%. Investors remain on high alert as macro headwinds and institutional outflows continue to test key technical support levels.
But what else is happening in crypto news today? Follow our up-to-date live coverage below.
