Crypto Market Sees Major Slump: Bitcoin & Ethereum Tumble Amidst Risk-Off Sentiment

Bitcoin (BTC) has fallen to around $104,700, a 2.83% dip from yesterday, while Ethereum (ETH) slid by 8.37%, dragging the entire crypto market down to a staggering $3.41 trillion in capitalization. The selloff is fueled by significant volatility and investor fear surrounding leverage as over $1.15 billion worth of liquidations highlight this risk-off sentiment. More than just market fluctuations, it reflects a broader shift in investor confidence.