"Bitcoin Drops to $109K as Crypto Market Loses $200 Billion"

" Bitcoin Drops to $109K as Crypto Market Loses $200 Billion \r\n\r\nBitcoin fell to a four-week low, dipping just below $110,000, as the cryptocurrency market shed $200 billion in market value.\r\n\r\nInvestors pulled $253 million from U.S. spot Bitcoin ETFs on Thursday, raising total weekly outflows to nearly $480 million. The heavy withdrawals coincided with Bitcoin slipping below key support levels on Friday, intensifying bearish sentiment.\r\n\r\nMarket watchers note that Bitcoin\u2019s sharp drop comes amid a broader sell-off across digital assets, fueled by concerns over macroeconomic conditions and heightened volatility. Traders are increasingly cautious as the market braces for a wave of expiries and liquidations.\r\n\r\n Fear index is high in the crypto market\u00a0 \r\n\r\nThe crypto bloodbath pushed the Crypto Fear and Greed Index to Extreme Fear territory. The Crypto Fear and Greed Index is now at 29, down 16 points from the previous day. This means that as the market approaches Extreme Fear territory, it has formally entered a state of fear.\r\n\r\nBitcoin has dropped 2.1 per cent, below the $110,000 mark.\u00a0 BTC may be able to retest the $109,700 to $109,800 range as soon as possible if it can break through the 30-day moving average at $109,526.\r\n\r\nThe Crypto Fear and Greed Index decreased by 16 points from the day before, according to CoinGlass data, as Bitcoin maintained price moderation.\r\n\r\nThe Crypto Fear and Greed Index last entered Extreme Fear territory following a string of significant token crashes and market liquidations.\r\n\r\nCoinGlass data shows that as Bitcoin continues its sharp decline, the Crypto Fear and Greed Index has fallen 16 points from the previous day.\r\n\r\nThe index shows that following a string of market liquidations and major token crashes, the cryptocurrency market is currently in a state of fear. The Crypto Fear and Greed Index last entered Extreme Fear territory in April 2025 and mid-February 2025, shortly after President Donald Trump\u2019s \u201cLiberation Day\u201d blanket tariffs rocked the cryptocurrency market.\r\n\r\nThe cryptocurrency market valuation sank to $3.8 trillion. The mass liquidations began earlier this week, when the market dropped below $4 trillion because of several long positions being liquidated.\r\n\r\nHot macro data has crushed hopes for a rate cut, and traders are reevaluating risk, which has put huge pressure on the cryptocurrency market.\r\n<div class=\"ai-viewport-1\" data-insertion-position=\"prepend\" data-selector=\".ai-insert-23-25985120\" data-insertion-no-dbg=\"\" data-code=\"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\" data-block=\"23\">\r\n \r\n \r\nBitcoin has fallen below $110,000 ahead of a $22 billion monthly options expiry amid rising volatility and $1 billion long positions liquidated.\r\n\r\nEthereum\u2019s decline also accelerated, plunging below $4,000 support level.\r\n\r\nIn addition, Solana dropped below $200 support line as ETF speculation slows down, and XRP has plummeted, pulling down stocks linked to cryptocurrencies. Rapid unwinding and concentrated selling across sectors are reflected in these actions.\r\n<div class=\"ai-viewport-1\" data-insertion-position=\"prepend\" data-selector=\".ai-insert-19-45108884\" data-insertion-no-dbg=\"\" data-code=\"PGRpdiBjbGFzcz0nY29kZS1ibG9jayBjb2RlLWJsb2NrLTE5JyBzdHlsZT0nbWFyZ2luOiA4cHggMDsgY2xlYXI6IGJvdGg7Jz4KPCEtLSBBY3RpdmUgLS0+CjwhLS0KPGRpdiBhbGlnbj0iY2VudGVyIj48YSBocmVmPSJodHRwczovL2phaXpiYW5rcGxjLmNvbS8iIHRhcmdldD0iX2JsYW5rIiByZWw9Im5vb3BlbmVyIG5vcmVmZXJyZXIiPjxpbWcgY2xhc3M9ImFsaWduY2VudGVyIHdwLWltYWdlLTE3NzAzMyBzaXplLW1lZGl1bSIgc3JjPSJodHRwczovL2kuaWJiLmNvL2JkdlFjRGcvTkFJUkFNRVRSSUNTLUNSRUFUSVZFLUZPUi1SRU5FV0FMLTEuanBnIiBhbHQ9IkphaXogYmFuayIgLz48L2E+PC9kaXY+LS0+CjwvZGl2Pgo=\" data-block=\"19\">\r\n \r\n \r\nTraders watch whether important supports hold as crypto-based options expire.\r\n\r\nXRP is trading at $2.76, down 4% in the last day and 9% in the week. Solana is down 6 per cent at $195 over the past day and 20.24 per cent over the week.\r\n Less interest in Bitcoin ETFs\u00a0 \r\nThere were withdrawals from each of its competitors\u2019 ETFs: Fidelity, Bitwise, ARK 21Shares, Franklin, VanEck, and Grayscale.\r\n\r\nThe cooling comes after two extremely successful months for Bitcoin ETFs, with inflows totaling over $57 billion. BlackRock has not experienced an outflow day in three weeks, so it\u2019s not all bad news. BlackRock\u2019s IBIT was the only fund to see an inflow with $78 million coming into the product yesterday.\r\n\r\nAccording to ETF specialist Eric Balchunas,\u00a0 \u201cthis is a covered call Bitcoin strategy to give BTC some yield.\u201d. \u201cIt\u2019s noteworthy that BlackRock is launching another Bitcoin product, which, in my opinion, indicates they are going to build around BTC and ETH and lay off the rest, at least for the time being, given all the other coins that are about to be ETF-zed,\u201d he continued. As a result, the competition for these other coins is considerably more open. \u201c.\u00a0 \r\n\r\nA similar $251 million outflow on Ethereum yesterday put spot ether funds in the red as well. The asset has plummeted by double digits in less than a week, leaving $547 million in ETH funds for the week thus far.\r\n\r\nOn a more positive note, the Securities and Exchange Commission met with issuer VanEck on Thursday to discuss tokenizing ETFs."

"Bitcoin Drops to $109K as Crypto Market Loses $200 Billion"

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