Global cryptocurrency markets saw intense volatility on Thursday as Bitcoin and Ether plunged to multi-month lows, triggering widespread panic among investors.
Bitcoin, the worldโs largest cryptocurrency, dropped sharply amid heavy sell-offs, falling to levels not seen in several months. Ether followed the same trend, declining significantly as market sentiment turned bearish across major digital assets.
Analysts attribute the sudden crash to a combination of factors, including risk-off sentiment in global markets, concerns over regulatory moves in key regions, and large-scale liquidations on major crypto exchanges. The downturn also sparked a cascade of automated sell orders, deepening the decline.
Altcoins mirrored the trend, with many tokens witnessing double-digit losses within hours. Trading platforms reported surges in liquidation volumes as leveraged positions were wiped out during the market tumble.
Despite the panic, some market observers suggest the correction could be temporary, noting that similar dips have historically preceded periods of accumulation and eventual recovery. However, they caution that volatility is likely to continue as investors reassess market risks.
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