Bitcoin's Bearish Plunge Deepens: 75% of Top 100 Cryptos Break Below Key Averages While Nasdaq Shows Remarkable Resilience
Key Takeaways 75 out of top 100 cryptocurrencies have fallen below both 50-day and 200-day simple moving averages, indicating widespread market weaknessIn stark contrast, only 29 Nasdaq 100 stocks mirror this decline, highlighting the stronger breadth of traditional tech equitiesMajor tokens including Bitcoin, Ethereum, Solana, BNB, and XRP are anchoring the downturn, leaving room for further declinesTechnical indicators suggest the crypto market may be entering a prolonged correction phase, req