The broader cryptocurrency market remains under immense downward pressure as investors’ interest shifts toward lucrative AI and memory stocks. Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are holding above their June 6 lows, with bulls hoping short-term resilience will ward off sellers.
At the same time, risk-off sentiment among investors intensifies, as evidenced by Thursday’s Fear and Greed Index reading of 18, indicating Extreme Fear in the crypto market. Meanwhile, the $1 billion in total liquidations over the last 24 hours, led by $776 million in long liquidations, confirms the sell-side bias in the market.
