The crypto market is facing a tough day. Prices are dropping, and fear is spreading among investors. Bitcoin has fallen below $70,000 again, sitting at around $68,100. The total market cap has lost $63 billion in just 24 hours, now hovering at $2.30 trillion. If you are asking yourself >, this post breaks it down simply. We look at key news, technical signs, and what might happen next.
The entire crypto space feels heavy. The total market value dropped from higher levels to a tight range between $2.30 trillion and $2.37 trillion. This sideway move shows traders are unsure what to do next.
This fear comes from bigger money markets. Stocks and risk assets are shaky, making investors pull back from crypto too. When traditional finance sneezes, crypto catches a cold.
Two major stories are fueling the drop:
A US judge sent former SafeMoon CEO Braden John Karony to prison for over 8 years. He was convicted of fraud that led to the token’s big crash. A hearing on April 23 will decide on fines and repayments. This news reminds everyone of scams in crypto. It scares new investors and adds to the bad mood.
Even with the dip, big banks are in. Goldman Sachs filed its Q4 2025 report showing $2.36 billion in crypto. Breakdown:
This is 0.33% of their portfolio. It’s a sign institutions see long-term value, but short-term fear wins today.
Crypto doesn’t live alone. Right now, investors fear risk everywhere. Stock markets are wobbly, interest rates are a worry, and global news adds pressure. The Fear and Greed Index at extreme fear means panic selling. In such times, prices can drop fast as people sell to stay safe.
Liquidity is tight too. Less money flowing in means more volatility for Bitcoin and altcoins.
BTC is at $68,108, just above $67,674 support. Hold here, and it might stabilize. But if sellers push harder:
Technical tools show weak buying. Money Flow Index is below 50, meaning sellers control. BTC is stuck under $70,000 resistance.
Bullish Hope: If fear eases, BTC can reclaim $70K. Break $72,294, and aim for $75K. Long-term holders stopping sales could spark this.
Altcoins are down more than BTC. MYX Finance dropped 17% to $5.17, breaking $5.27 support. Chaikin Money Flow turned negative, showing money leaving.
Weak demand and high volatility make altcoins risky now. Stick to majors like ETH or SOL if trading.
Extreme fear often marks market bottoms. Past dips show bounces after this. But don’t buy blind – wait for signs like higher volume or macro relief.
| Index Level | Meaning | Action |
|---|---|---|
| Extreme Fear | 0-25 | Possible buy opportunity |
| Fear | 25-50 | Be cautious |
| Neutral | 50 | Watch closely |
If fear grows, total market cap tests $2.25T. BTC to $62K, alts deeper losses. Watch macro data like jobs reports or Fed talks.
Sentiment shift could push total cap to $2.45T, then $2.64T. BTC over $70K to $75K. Needs fresh money and less selling.
Key levels to watch:
The Goldman Sachs buy shows big money is still interested. SafeMoon news hurts short-term but cleans the space long-term.
Today’s drop blends fear from stocks, bad crypto news, and weak tech signals. But extreme fear can flip to greed fast. BTC holding support is key. Stay informed, trade smart, and position for the rebound. Crypto cycles always recover stronger.
Keep an eye on Bitcoin price today and Fear & Greed for clues. What do you think – buy the dip or wait?
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Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
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