Bitcoin (BTC) Price Slump Worsens as 75 Top Cryptos Fall Below Key Averages; Nasdaq Holds Steady

The bearish pressure on Bitcoin (BTC) intensified, with a broad market downturn seeing 75 of the top 100 cryptocurrencies trading below their 200-day moving averages. This key technical indicator signals sustained selling pressure across the crypto market. In contrast, the Nasdaq Composite index demonstrated resilience, maintaining its levels and highlighting a divergence between traditional tech stocks and digital assets. Analysts are monitoring whether Bitcoin can find support or if further declines are imminent for major altcoins like Ethereum (ETH). The current trend underscores heightened volatility and risk aversion in the crypto sector.