Cryptocurrency markets fell materially over the past 24 hours, with the overall capitalization down by about 4%.

Price moves across major assets

Bitcoin briefly declined during the night to $62,300, while Ethereum traded below $1,850 amid the broader market pullback.

Numerous altcoins recorded steeper losses, with many dropping by as much as 10% on heightened selling pressure across exchanges.

Liquidations and market indicators

Daily liquidations reached approximately $460 million, reflecting forced closures of leveraged positions during the decline.

The Fear & Greed Index stood at roughly 5 of 100, corresponding to extreme fear and approaching historically low readings for the indicator.

Market context

Short-term volatility rose as participants adjusted risk amid the move, pushing order books and funding rates across venues to reactive levels.

Traders and institutional desks reported widened spreads and increased execution costs while processing the rapid re-pricing of liquid crypto holdings.