Bitcoin plunged to $104,500 in the spot market as signs of credit strain in US regional banks reignited fears of a broader market sell-off.
Bitcoin investor sentiment slumps to a yearly low, but Bitwise says fear may signal a prime accumulation phase for BTC.
Ethereum lost 46% to 60% of its value after similar bearish crosses in the past, and the same signal is flashing again this October.
Zcash and Dash prices could make an XRP-style comeback as the privacy coin narrative is helping these older “dinosaur” coins break multi-year downtrends.
Despite recent all-time highs and volatility, search interest for “Bitcoin” on Google remained low as the crypto sentiment index returned to “fear.”
Bitcoin’s repeat drop to $107,600 reflects broader market caution as miner outflows and macroeconomic pressures mount, but analysts still say dips are for buying.
Retail Ether longs surged above 90%, but analysts warn of a potential reversal as technicals flash caution even as institutions keep buying the dip.
The real winner of last week’s crypto flash crash is the CME. Cointelegraph explains how the exchange is increasing its crypto market share.
Strong US demand for Bitcoin remains stable above $110,000, but revived long-held coins and surging derivatives point to turbulent days ahead.
Bitcoin’s remaining October performance depends on Fed rate cut odds, BTC ETF inflows and the path major US stocks take.