Crypto Market Panic: Bitcoin Falls Below $70,000, Ethereum Drops Below $2,000
On March 9, the crypto market experienced a complete crash, with Bitcoin dropping over 4% in 24 hours and losing the $70,000 level. Ethereum also plummeted 4.6%, breaking below the $2,000 support level. The total liquidation across the network exceeded $300 million in 24 hours, with 78% of liquidations being long positions. The Crypto Fear and Greed Index fell to 8, indicating extreme market panic.
Multiple negative factors converged: BlackRock restricted redemptions from a $26 billion private credit fund, sparking l
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