ZCash Chat with: 0xMert_ ! Crypto Recovering? BTC back above $102K!
Major cryptocurrencies decreased by 2–5%, with Bitcoin briefly dipping below $100,000 before partially recovering to $102,100. Ethereum, BNB, and SOL also saw declines, while ZK, DASH, ASTER, and HYPE led gains. Liquidations exceeded $1.7 billion on Tuesday. The Fear and Greed Index increased slightly but remains in the 'Extreme Fear' zone. In ecosystem updates, Berachain resumed operations after a shutdown due to the Balancer exploit, Chainlink introduced its Chainlink Runtime Environment (CRE) for multi-blockchain smart contract deployment, and Gemini plans to launch a prediction market. Marathon Digital reported record Q3 revenue of $252 million and continues expanding into AI compute services.
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Crypto Market Trends
Crypto majors slipped by another 2–5% before showing signs of recovery. Bitcoin (BTC) briefly dipped below $100,000, and at the time of writing, it is down by 2%, trading at $102,100. Ethereum (ETH) has fallen 5% to $3,320, Binance Coin (BNB) is down 1% at $945, and Solana (SOL) is down by 2%, trading at $157.
Top Gainers in the Market
Among the top movers, notable gainers include ZK (+24%), DASH (+12%), ASTER (+12%), and HYPE (+9%). These assets demonstrated strong performance despite broader market declines.
Market Liquidations and Sentiment
Liquidations exceeded $1.7 billion on Tuesday as Bitcoin’s price slid below $100,000 and Ethereum moved closer to $3,000. The Fear and Greed Index rose by two points to 23 but remains in the "Extreme Fear" zone, indicating ongoing market anxiety.
Ecosystem Developments
Significant ecosystem developments were observed:
- Berachain: Restarted its chain after a day-long shutdown caused by the Balancer exploit, with funds being returned successfully.
- Chainlink: Unveiled the Chainlink Runtime Environment (CRE), designed to enable institutions to deploy smart contracts across multiple blockchains. It features built-in compliance and integration with legacy finance systems.
- Gemini: Announced plans to launch a prediction market, building on its earlier DCM license application to the CFTC in May.
Corporate Highlights
On the corporate front, Marathon Digital (MARA) reported record-breaking Q3 revenue of approximately $252 million. The company continues to expand its focus, now venturing into AI compute services, reflecting its strategic priorities in emerging technologies.