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Bitcoin and other top altcoins may be at risk as American equities continue their downward trend.
Bitcoin Bitcoin
btc
-0.71%
Bitcoin has dropped from the year-to-date high of $109,300 to a 2025 low of $77,396.43 on March 10.
Similarly, Ethereum Ethereum
eth
-1.76%
Ethereum has plunged below $1,900, while Ripple XRP
xrp
-0.09%
XRP and Cardano Cardano
ada
-2.03%
Cardano have fallen to $2.1 and $0.65, respectively.
Most altcoins have crashed this year, with the closely watched altcoin season index moving to 15. The crypto fear and greed index has dropped to the fear zone of 25, while the market cap of all coins has dropped by over $1 trillion.
US equities have slumped this year
The crypto market and its top players like BTC, XRP, ETH, and ADA may be at risk of a deep dive now that US equities are selling off. The blue-chip S&P 500 index has dropped by almost 10% from its highest point this year.
Similarly, the tech-heavy Nasdaq 100 index has moved to $19,280, down by 13% from its highest level this year. 0 reply
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