BABB USD Price & Performance (BAXUSD)

Bitcoin's price dipped to $78,000, marking a 27% drop from its January high of $107,000. Crypto and stock markets have collectively lost $6 trillion in market value since the start of the year. Analysts cite a shift in investor sentiment toward risk aversion as the primary driver of these declines.12

The cryptocurrency market experienced a sharp downturn, with Bitcoin falling to $37,450, a 7.2% drop in one day. Ethereum followed with a 6.5% decline. Trading volumes surged, indicating panic selling. The Fear and Greed Index dropped to 22, reflecting extreme fear, while over $500 million in long positions were liquidated.34

Bitcoin's price rebounded slightly to $83,700 after hitting a low of $76,600. However, weak demand and ETF outflows exceeding $1.5 billion since late February continue to weigh on the cryptocurrency. Analysts warn of further downside if key support levels fail, with some projecting a potential drop to $68,400.56