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Crypto market sees sharp sell-off as Bitcoin slips below $90,000
The crypto market endured a heavy downturn last week, with Bitcoin dropping below $90,000 for the first time in seven months. This steep pullback pushed broad crypto sentiment toward fear as major tokens recorded double-digit losses.
Which cryptocurrencies hit attractive buy levels?
On-chain and sentiment tracker Santiment shows several blue-chip altcoins moved into favorable buying ranges amid the sell-off. Cardano (ADA) suffered a 19.7% decline, Chainlink (LINK) fell 16.8%, and Ethereum (ETH) dropped 15.4% — all flagged in an "Extreme Buy Zone" by data providers. Bitcoin (BTC) and Ripple (XRP) registered losses of roughly 11.5% and 10.2%, respectively, placing them in what analysts call a "Good Buy Zone," which may offer lower-risk entry points for patient investors.
Drivers behind the downturn
Market participants attribute the sell-off largely to institutional selling pressure and notable outflows from Bitcoin ETFs in recent weeks. Those developments amplified downward momentum and shifted short-term sentiment negative across the digital-asset landscape.
What traders should consider
While dramatic drops are painful, historical patterns in crypto often show that severe pullbacks can precede new market cycles and higher highs. Investors should combine technical buy-zone signals with fundamental research, risk management, and portfolio diversification. This article is for information purposes only and does not constitute financial or investment advice — always conduct your own due diligence before trading.
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