Crypto majors are very red as btc briefly fell below $90k; btc -4% at $91,300; eth -5% at $3,050, bnb -2% at $915, sol -3% at $137. Icp (+9%), aster (+7%) and hype (+5%) led top movers. Crypto fear & greed remained in extreme fear at 11, now in that range for 6 straight days. Bitcoin wiped out its 2025 gains after falling below $92k (briefly sub-$90k), now down 2% on the ytd. The cboe unveiled “continuous” bitcoin and ethereum futures with 10-year terms as a perps-like alternative. The white house is considering to allow the irs to track and tax crypto holdings on foreign exchanges. Vitalik buterin and the ethereum foundation launched kohaku as a new initiative to bake privacy and security into ethereum wallets instead of treating them as add-ons. Trump international maldives announced tokenized real-estate stakes, letting investors buy blockchain-based shares in its 80-villa luxury resort. Hive stock jumped after posting record q2 revenue and landing new ai-infra deals, as investors rotated into miners despite broader crypto weakness. Japan is changing its crypto tax rules, dropping cap gains from 55% to 20%. Coinbase ventures announced an investment in usd ai.
💡 DMK Insight
Bitcoin’s dip below $90k is a wake-up call for traders: extreme fear is gripping the market. With BTC currently at $91,300, down 4%, and ETH trailing at $3,050, the sentiment shift is palpable. The extreme fear index at 11 signals a potential capitulation phase, which often precedes a rebound, but it also raises the risk of further declines. Traders should watch for support levels around $90k for BTC and $3,000 for ETH—breaking these could trigger more selling pressure. On the flip side, altcoins like ICP and Aster are defying the trend, suggesting some capital is rotating into less correlated assets. This divergence could indicate a market seeking value, but it also highlights the volatility and uncertainty in the broader crypto space. Keep an eye on the daily charts for any reversal patterns, and be cautious of potential cascading effects if major support levels fail.
📮 Takeaway
Watch BTC closely around the $90k level; a break could lead to further declines, while altcoins like ICP may offer short-term opportunities.






