Tag Archives: drops

Bitcoin drops to US$80K while these 4 tokens surge over 100% in 7 days

Bitcoin drops to US$80K while these 4 tokens surge over 100% in 7 days

Today marked an end to what had been a record-breaking week for US equities. Major indices pulled back as escalating tensions in the Middle East rattled investor confidence, abruptly reversing the bullish sentiment that had recently pushed stocks to all-time highs. The S&P 500 closed at 7,337.11, down 0.38 per cent, while the Nasdaq Composite slipped 0.13 per cent to 25,806.20. The Dow Jones Industrial Average faced the steepest decline among the major benchmarks, falling 0.63 per cent to close at 49,596.97. This coordinated pullback reflects more than routine profit-taking after Thursday’s volatile session, where indices hit fresh peaks before reversing lower.

The catalyst for this shift came from disturbing reports of explosions near a southern Iranian port city and subsequent American naval responses to attacks in the Strait of Hormuz. This geopolitical shock sent immediate ripples through commodity markets, with Brent crude settling above US$100 per barrel and West Texas Intermediate rising to approximately US$95.90 as concerns over energy supply routes intensified. Investors fled to traditional safe havens, pushing gold above US$4,700 per ounce. The yen experienced persistent volatility as well, rallying roughly 1.8 per cent against the dollar following suspected intervention by Japanese authorities, while US 10-year Treasury yields rose by four basis points on Thursday as the dollar strengthened.

The cryptocurrency market mirrored this broader risk-off sentiment, though with its own distinct characteristics. Bitcoin fell 1.74 per cent to US$80,015.27 over 24 hours, tracking a broader market pullback, as the total crypto market cap declined 1.36 per cent. This high correlation suggests the move stemmed from broad market factors rather than any Bitcoin-specific event. Trading volume fell 11.55 per cent, confirming subdued participation across digital assets. Bitcoin saw US$96.64M in liquidations over 24 hours, though this marked a 39.8 per cent decrease from the prior period, indicating that while leveraged positions unwound, the move did not reflect extreme speculative excess.

A fascinating divergence emerged within the crypto ecosystem beneath this surface weakness. Several tokens in the top 30 posted impressive gains over the past week while Bitcoin and the broader market cooled. Ton surged 105 per cent in seven days, demonstrating extraordinary momentum. Zcash climbed 63 per cent over the same period, while Bittensor advanced 21 per cent. Hyperliquid added seven per cent in the last seven days. This selective strength suggests capital rotation rather than wholesale abandonment of digital assets. Bitcoin’s dominance dipped slightly to 60.33 per cent as the Altcoin Season Index rose 2.38 per cent, signalling ongoing movement toward riskier assets even as the overall market consolidated.

The near-term outlook for Bitcoin hinges on whether it can defend the US$78,000 support level. A successful defence could lead to consolidation between US$78,000 and US$82,000, with potential to retest higher levels. A decisive break below US$78,000 risks triggering further selling toward US$75,000. The critical trigger to watch involves US spot Bitcoin ETF flows, which have shown steady growth recently. A sustained reversal in these institutional inflows could provide the sentiment shift needed to stabilise prices or, conversely, accelerate downward momentum.

Corporate earnings provided isolated bright spots amid the geopolitical gloom. Fortinet surged 20 per cent on raised guidance, and Peloton rose nine per cent after beating revenue expectations. Chipmakers like Arm Holdings suffered as the smartphone industry slowed, highlighting sector-specific vulnerabilities that compound broader macro concerns. Regional markets felt the contagion quickly, with the ASX 200 set for a sharp decline of over 1.7 per cent at the open, following the late-session reversal in US equities. European indices faced similar pressure early Friday, though corporate earnings from firms like Tenaris and Endesa provided isolated support earlier in the week.

Regulatory clarity remains a critical variable for cryptocurrency markets. The CLARITY Act represents a pivotal moment for the industry, with the White House aiming to sign it on July 4. Key negotiators, such as Senator Kirsten Gillibrand, suggest a presidential signature may not come until August 2026 due to ongoing debates over ethics and consumer-protection provisions. This timeline matters enormously for institutional participation and market structure. I hope the closer we get to passage, the more confidence returns to digital asset markets, potentially providing a counterweight to macro headwinds.

For now, remain hopeful.

 

Source: https://e27.co/bitcoin-drops-to-us80k-while-these-4-tokens-surge-over-100-in-7-days-20260508/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

Oil surges 59% in March while S&P 500 drops 6%: What this means for your crypto portfolio

Oil surges 59% in March while S&P 500 drops 6%: What this means for your crypto portfolio

Traditional markets opened under significant pressure as the US–Iran conflict entered its fifth week, creating a risk-off environment that rippled across every asset class. Oil prices surged, recession fears mounted, and stagflation concerns dominated trader conversations. This moment demands clear analysis from those who understand both traditional finance and the emerging decentralised economy.

Major indices trended lower across the board. The S&P 500 fell to approximately 6,329 points, marking a 0.63 per cent drop from the previous session. Technology stocks bore the brunt as Nasdaq-100 futures slipped roughly 0.4 per cent amid higher interest-rate pressures. Dow Jones futures fell 0.5 per cent, with the index tumbling over 3,000 points in March alone, representing approximately six per cent of its value. Asian markets showed similar weakness, with the ASX 200 dropping 1.48 per cent in Monday trading, though the energy sector provided a partial offset. These numbers tell a story of capital fleeing risk assets as geopolitical tensions escalate.

Commodities and currencies painted an equally volatile picture. Brent crude headed for a record monthly rise, up approximately 59 per cent in March due to the conflict and potential closure of the Strait of Hormuz. West Texas Intermediate prices remained volatile, recently rebounding toward US$94.05. Gold saw some dip-buying after a brutal month, trading around US$4,556 per ounce as investors sought safe-haven assets amid rising interest-rate expectations. The US Dollar strengthened as well, with the DXY index gaining to 99.90 as global uncertainty drove capital toward perceived safety.

Three key drivers explain this market turbulence. Geopolitical escalation intensified as reports emerged of Israeli strikes on Iranian nuclear facilities and Houthi attacks on Israel, fuelling fears of prolonged war. Recession alarms grew louder as Moody’s AI-driven recession model hit a 49 per cent probability, the highest in years, fuelled by weak labour data and high energy costs. Monetary policy expectations shifted dramatically as markets stopped pricing in Fed rate cuts for 2026, with some traders now bracing for further hikes to combat energy-driven inflation.

Bitcoin presented an interesting counterpoint to this traditional market chaos. The leading cryptocurrency rose 0.429 per cent to US$66,642.41 in the past 24 hours, slightly underperforming the broader crypto market’s 0.49 per cent gain. This movement reflected a beta-driven shift with the overall crypto market as total market cap rose 0.49 per cent on slightly higher volume. No clear coin-specific catalyst emerged, suggesting the move represented general market drift rather than fundamental conviction.

Technical indicators showed Bitcoin trading just above the 50 per cent Fibonacci retracement level at US$66,012, drawn from recent swing highs and lows. The 7-day RSI reading of 34.31 indicated oversold conditions, attracting short-term buying interest. Spot trading volume sat at US$22.55 billion, requiring sustained increases to confirm any shift in conviction. The near-term outlook remained neutral to bearish, with the price struggling to hold above key moving averages. If Bitcoin holds above the US$66,000 support level and ETF outflows slow, consolidation toward US$67,500 becomes possible. A break below US$66,000 risks a drop toward the next support near US$64,500.

Market sentiment metrics reinforced this cautious picture. The CMC Fear and Greed Index read 25 out of 100, indicating Fear, improving slightly from 23 yesterday but down from 32 last week. This places sentiment firmly in negative territory, though less extreme than the 14 reading from a month ago. Social media sentiment scored 4.85 out of 10, reflecting mildly bearish chatter mixing bullish regulatory hopes with bearish liquidation warnings. The total crypto market cap stood at US$2.29 trillion, down 1.82 per cent over the past 7 days, with oversold RSI readings but weak derivative volume signalling low conviction.

Spot Bitcoin ETF flows showed US$296.18 million in net outflows last week, representing persistent institutional selling pressure. The spot-versus-perpetuals volume ratio remained low at 0.26, indicating derivatives dominance. Average funding rates turned negative to -0.0011139 per cent, indicating a short-positioning bias. The total market RSI at 26.23 approached oversold levels, suggesting the sell-off might exhaust itself and create potential for stabilisation.

This environment reveals both vulnerabilities and opportunities in the current financial architecture. Traditional markets demonstrate their fragility when geopolitical shocks hit, with indices tumbling thousands of points in weeks. Energy costs drive inflation that central banks struggle to manage without triggering a recession. The 49 per cent recession probability from Moody’s model reflects systemic weakness that monetary policy alone cannot fix.

Bitcoin’s performance during this period shows why decentralised assets matter in times of traditional market stress. While the 0.429 per cent gain seems modest, it represents positive movement when traditional indices fell 0.5 per cent to 1.48 per cent. The cryptocurrency market’s US$2.29 trillion capitalisation provides meaningful diversification, though the Fear and Greed Index at 25 shows investors remain cautious about digital assets, too. This caution creates opportunity for those who understand that oversold conditions often precede reversals.

The institutional flow data tells an important story. The US$296.18 million in weekly ETF outflows shows that traditional finance participants are reducing exposure amid uncertainty. Bitcoin holding above US$66,000 support suggests underlying demand exists at these levels. The negative funding rate of -0.0011139 per cent indicates traders’ positioning for further declines, which often sets up contrarian opportunities when sentiment reaches extremes.

Energy-driven inflation presents particular challenges for monetary policy. With Brent crude up 59 per cent in March and WTI rebounding toward US$94.05, central banks face impossible choices between fighting inflation and preventing recession. Markets no longer price in Fed rate cuts for 2026, with some traders expecting hikes instead. This environment benefits assets with fixed supply schedules that cannot be debased through monetary expansion.

The path forward depends on several critical factors. Bitcoin must defend the US$66,000 level in the next 24 to 48 hours to maintain technical support. Spot ETF flows need to show stabilisation to reduce institutional selling pressure. The CMC Fear and Greed Index requires a sustained move above 30 to signal a shift in sentiment toward neutral territory. Traditional markets need geopolitical de-escalation to reduce the 49 per cent probability of recession.

This moment separates short-term traders from long-term builders. Those focused on daily price movements see fear and uncertainty. For me, I am eyeing the oil price. If the price is high, nothing good will come of it. Just my opinion. 

—

 

Source: https://e27.co/oil-surges-59-in-march-while-sp-500-drops-6-what-this-means-for-your-crypto-portfolio-20260330/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

Crypto market cap drops to US$2.3T as Fed rate cut hopes fade after hot jobs report

Crypto market cap drops to US$2.3T as Fed rate cut hopes fade after hot jobs report

Cryptocurrency assets bore the brunt of a liquidity reassessment triggered by robust American employment data. While Japan’s Nikkei 225 surged past the historic 58,000 threshold amid domestic political momentum and the broader Asia Pacific index touched a record high, digital asset markets retreated two per cent to a US$2.3 trillion valuation.

This divergence underscores a fundamental reality I have observed throughout market cycles. When the Federal Reserve’s policy trajectory shifts, risk assets with the highest duration sensitivity are affected first and most severely. Cryptocurrencies continue to trade as premium risk instruments tethered to global liquidity conditions despite persistent narratives of independence.

The catalyst came from January’s US nonfarm payrolls report, which reported 130,000 new jobs, nearly double economists’ median forecast. This figure alone recalibrated market pricing for Federal Reserve action, pushing anticipated rate cuts from June into July 2026. Traditional equity markets reacted with restraint, with the S&P 500 and Nasdaq Composite closing nearly flat. Crypto markets exhibited a 68 per cent correlation with the Nasdaq 100 index and absorbed the shock with characteristic volatility. This statistical linkage confirms what seasoned observers recognise.

Digital assets function less as an inflation hedge and more as a leveraged bet on expansive monetary policy. When the prospect of cheaper capital recedes, speculative positioning unwinds rapidly. The two per cent decline in market cap represents not a fundamental rejection of blockchain technology but a mechanical repricing of future cash flows under tighter financial conditions.

Compounding this macro-driven pressure, derivatives markets amplified the downturn through forced liquidations. Bitcoin alone saw US$188 million in long-position liquidations in 24 hours, a 130 per cent surge that transformed a measured pullback into a sharp correction. These cascading liquidations reveal the fragility embedded in leveraged crypto trading ecosystems.

When price momentum reverses, algorithmic liquidation engines accelerate selling pressure beyond organic market depth, creating self-reinforcing downward spirals. This dynamic operates independently of underlying project fundamentals, punishing even robust protocols alongside speculative ventures. The phenomenon reflects a structural vulnerability in digital asset markets that persists despite a decade of maturation. Excessive leverage remains the accelerant that turns policy shifts into panic.

Sentiment metrics further illustrate the psychological dimension of this retreat. The market-wide fear and greed index plunged to eight, registering extreme fear across participant cohorts. Such readings typically emerge during capitulation phases when retail investors abandon positions after sustained losses. Historically, these moments often coincide with short-term bottoms and also signal prolonged recovery periods ahead. Extreme fear does not reverse instantaneously. It requires sustained positive catalysts to rebuild confidence.

Currently, no such catalyst exists on the immediate horizon. Investors face a rising probability of a US government shutdown to 84 per cent ahead of the February 14 deadline, introducing fiscal uncertainty that compounds concerns about monetary tightening. This dual pressure on both fiscal and monetary fronts creates an unusually constrained environment for risk assets.

Technical structure now determines the near-term trajectory. The US$2.17 trillion market capitalisation represents this year’s low and serves as critical psychological and algorithmic support. A decisive break below this threshold could trigger additional liquidations targeting the 78.6 per cent Fibonacci retracement near US$2.4 trillion.

Current positioning suggests markets may stabilise above the yearly low if macro conditions do not deteriorate further. Any sustained recovery requires reclaiming momentum toward the 38.2 per cent Fibonacci resistance at US$2.86 trillion. This level demands either a dovish pivot from central banks or significant organic capital inflows. Neither scenario appears imminent, given the Fed’s data-dependent stance and persistent institutional caution toward digital assets.

I view this correction as a necessary recalibration rather than a structural breakdown. Crypto markets have expanded dramatically since the previous cycle, attracting capital that entered during periods of abundant liquidity. As monetary conditions normalise, weaker hands exit, concentrating ownership among long-term holders with higher conviction.

This consolidation phase, though painful in the short term, often precedes more sustainable growth trajectories. The current market cap of US$2.3 trillion still reflects substantial institutional adoption compared to prior cycles, suggesting foundational demand remains intact despite tactical withdrawals.

Tomorrow’s US Consumer Price Index report looms as the next pivotal data point. Should inflation show unexpected moderation, markets might reprice rate cut expectations forward, providing temporary relief. I remain sceptical that one data release will override the Fed’s commitment to ensuring inflation remains anchored.

The central bank has consistently prioritised credibility over market comfort, and recent communications suggest officials welcome some financial tightening to reinforce their anti-inflation resolve. Crypto markets must therefore navigate an extended period of constrained liquidity rather than anticipating imminent policy relief.

The path forward demands discernment between cyclical pressure and secular decline. Digital assets face genuine headwinds from tighter monetary policy, but their underlying utility continues expanding across payments, identity, and programmable finance. The current two per cent drawdown represents a liquidity-driven adjustment within a maturing asset class, not a verdict on blockchain’s long-term viability. Investors who recognise this distinction will view periods of extreme fear not as exit signals but as opportunities to accumulate quality assets at discounted valuations.

Markets ultimately reward patience during liquidity droughts, though the duration of such periods remains unpredictable. For now, preservation of capital and selective positioning offer wiser strategies than either panic selling or aggressive leverage. The US$2.3 trillion market cap reflects a market in transition, shedding speculative excess while retaining its core value proposition for those willing to endure the volatility inherent in technological transformation.

 

Source: https://e27.co/crypto-market-cap-drops-to-us2-3t-as-fed-rate-cut-hopes-fade-after-hot-jobs-report-20260212/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j