Crypto Market Plunges: ‘Black Friday’ Echoes in Turbulent Trading

The cryptocurrency market is experiencing a dramatic sell-off today, mirroring the chaotic conditions often associated with ‘Black Friday’. Bitcoin is plummeting towards $80,000, while altcoins are hitting multi-year lows. Over two billion dollars in long positions have been liquidated within the past 24 hours, signaling a cascade of fear and panic across the market. ETF outflows are accelerating, and social platforms are buzzing with expressions of anxiety. This dramatic market action suggests that we’re witnessing a full-scale capitulation event.