The cryptocurrency market is experiencing a severe selloff, with Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Dogecoin (DOGE) plummeting 6–12% in the past 24 hours. Total liquidations have surpassed $900 million, as escalating global tensions trigger panic among investors. Analysts are now questioning Bitcoin’s role as a "digital gold" hedge amid mounting volatility.
Crypto Market Crash: Investors Brace for Volatile Trading Day
During Asian trading hours, the crypto market nosedived alongside traditional risk assets. Major Asian markets, including China, Japan, and Singapore, saw circuit breakers triggered after indices crashed 10%, exacerbating global financial turbulence.
Bitcoin Price: Down 6.9%, now testing critical support at $77,500.
- Daily trading volume surged 220% to $44 billion.
- $322 million in BTC liquidations recorded (Coinglass data).
- Key Support Level: A breach below $77,500 could signal deeper corrections.
👉 Bitcoin’s Volatility: How to Navigate the Drop
Is Bitcoin Failing as a Hedge Asset?
While Bitcoin initially resisted last week’s Dow Jones crash, it has since fallen 7%. Comparatively:
- Asian indices dropped 9–10%.
- Gold spiked $80, and silver rallied.
Critics like Peter Schiff argue:
“Crypto is cracking. Bitcoin ETFs could face a long downturn.”
However, Bitwise CEO Hunter Horsley remains bullish:
“Bitcoin’s apolitical, global store of value is more relevant than ever.”
Altcoins in Freefall: ETH, SOL, DOGE Lose Key Supports
Ethereum (ETH)
- Price: Crashed 13.5% to $1,550.
- 2025 Losses: 53% YTD.
- Whale Activity: On-chain data shows large buyers accumulating at dip prices.
Other Altcoins
- XRP: Down 14.5%, below $2 support.
- Solana (SOL): Dropped 14% to $102.
- Dogecoin (DOGE): Plunged 16% to $0.143.
👉 Altcoin Recovery Strategies for 2025
FAQ: Key Questions Answered
1. Why is the crypto market crashing?
Global tensions and macroeconomic uncertainty have triggered a risk-off sentiment, impacting both crypto and traditional markets.
2. Is Bitcoin still a safe-haven asset?
Debates persist. While Bitcoin shows volatility, proponents argue its long-term value proposition remains intact.
3. Should I buy the dip in altcoins?
Whales are accumulating ETH, but retail investors should exercise caution and assess risk tolerance.
4. How low could Bitcoin go?
If $77,500** support breaks, next levels to watch are **$72,000 and $68,000.
5. What’s driving gold’s rally?
Investors are flocking to traditional hedges amid geopolitical instability.
Final Thoughts
The crypto market’s sharp correction underscores its sensitivity to macro trends. While Bitcoin and altcoins face short-term pressure, long-term fundamentals may pave the way for recovery. Stay updated with credible analysis and adjust strategies accordingly.