Crypto wasn’t spared from the tech risk-off mood. Bitcoin slid 2.5% to around $73,000 — its lowest level since early November 2024 — officially giving back the entire post-Trump election rally. The crypto market crash continued falling on Wednesday, with Bitcoin moving below $75,000. Solana (SOL) and Ethereum (ETH) joined the selloff, falling about 7% and 5%, respectively.
Crypto prices have also slumped amid rising liquidations. The crypto crash coincided with the stock market weakness.
Crypto markets shifted into risk-off territory as Bitcoin slid 2.5% to around $73,000, its lowest level since early November 2024, erasing the post-Trump election rally. The downturn extended for the broader crypto market, with Bitcoin moving below $75,000 as Solana (SOL) and Ethereum (ETH) joined the sell-off, falling about 7% and 5%, respectively. Liquidations rose as prices tumbled and the slide coincided with weakness in the stock market. The Fear and Greed Index dropped to 14, signaling extreme fear among traders and contributing to the risk-off mood.
The move reflects growing liquidity concerns and broader macro weakness that have weighed on crypto prices this week. Analysts cautioned that the move could extend as traders digest macro data and potential headlines. Investors will be looking for a stabilization signal before committing to new positions.
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