Bitcoin Leads Risk Aversion and Falls More 10%; Cryptos Already Plummet US$ 1.5 Trillion in One of the Worst Days in the Market Since FTX.
The global cryptocurrency market woke up in strong turmoil this Friday (21), as Bitcoin leads risk aversion and falls more 10%; cryptos have already plummeted US$ 1.5 trillion, according to data from several international platforms.
The drop, on the other hand, raises alarms about global risk sentiment and reignites doubts about the sustainability of recent gains.
Market Refreshes Low and Bitcoin Accelerates Losses
The retreat of Bitcoin drew attention as it hit US$ 82,540 at 6:50 AM, the lowest level since April 10.
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New credit for Uber, 99, and taxi drivers can pave the way for car ownership, reduce the burden of car rental costs in their budget, and change the math for those who make a living from traffic every day.
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Canadians are disappearing from the United States: The US feels the absence of Canada financially, while hotels, casinos, and tourist destinations try to attract visitors back with promotions.
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WEG from Jaraguá do Sul was awarded in New York for strengthening relations between Brazil and the United States, employs over 2,250 people in American territory, operates 10 factories and 9 distribution centers in the country, and boosts the energy infrastructure of the U.S. with locally manufactured products and solutions.
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Unclaimed funds will enter a new phase this Tuesday: banks must send funds to the government, while R$ 10.5 billion in idle funds could help finance Desenrola 2.0 and ensure debt renegotiation within the financial system.
This movement occurs in a scenario already pressured by liquidations in the futures market.
Altcoins Follow the Same Direction and Widen the Drop
While Bitcoin leads risk aversion and falls more 10%; cryptos have already plummeted US$ 1.5 trillion, the main altcoins also face a day of expressive losses.
XRP: -9.7%;
BNB: -9.1%;
Solana: -10.9%;
Dogecoin: -11.3%;
Cardano: -13.5%.
Among a few exceptions, Zcash (ZEC) showed stability close to zero, while Bitcoin Cash (BCH) recorded more moderate losses of 7.1%.
Institutional Pressure Increases and Widen Risk Aversion
Risk aversion gained strength with a significant outflow of institutional funds.
According to analyst Alex Saunders from Citi, the level of US$ 80,000 is being observed as a relevant technical point.
US Stock Markets Also Retreat and Amplify Negative Climate
The flight from risk in cryptocurrencies occurs simultaneously with the decline of the US Stock Markets.
Therefore, doubts about elevated valuations and the pace of interest rate cuts by the Federal Reserve have gained strength, further pressuring the appetite for risk.
Overall Assessment: Global Sentiment Deteriorates
The fact that Bitcoin leads risk aversion and falls more 10%; cryptos have already plummeted US$ 1.5 trillion makes it clear that the turbulence is not isolated.
Meanwhile, investors are awaiting new indicators that may stabilize, or not, the market in the coming days.

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