On the morning of March 11, 2025, Bitcoin (BTC) broke through its previous bottom, plunging to $76,600, the lowest level since November 2024.

The sharp correction of the world’s largest cryptocurrency has triggered a market-wide downturn. Major altcoins have all recorded losses ranging from 4% to 10%. Notably, Ethereum (ETH) was briefly sold off to $1,760, marking its lowest price since October 2023.

Crypto investors are in an extremely negative sentiment as the Crypto Fear and Greed Index (CFGI) has dropped to 20/100 (Extreme Fear), reflecting growing panic in the market.

Despite Bitcoin’s continuous correction in recent days, on the night of March 10, MicroStrategy announced a plan to raise $21 billion to buy more Bitcoin.