Key Notes

Analysts advised traders to avoid opening BTC long positions at resistance of $112,000, while expecting a deeper pullback ahead.

Altcoins faced heavy losses, with Ethereum plunging 5.6% to $4,300 after losing its 20-day EMA.

XRP and DOGE also dropped significantly amid strong selling pressure and whale offloading.

Today’s crypto market crash comes with Bitcoin BTC $108 416 24h volatility: 3.6% Market cap: $2.16 T Vol. 24h: $48.68 B losing 2.9% to $110,000, sending shockwaves across all the crypto assets.

Altcoins have faced even greater selling pressure with Ethereum ETH $4 335 24h volatility: 3.6% Market cap: $523.14 B Vol. 24h: $36.71 B , XRP XRP $2.84 24h volatility: 4.6% Market cap: $168.93 B

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