It’s another terrible day for cryptocurrencies and BTC is down to $84,366. The decline continues. The decline in US stock markets has not yet reached frightening levels, but even the possibility of the correction in the stock market continuing has caused BTC to crash.
Why Is Bitcoin Price Falling?
BTC started a sharp decline targeting $81 thousand, and with the loss of $86 thousand, the daily loss exceeded 5%. This BTC decline, which caused losses exceeding 7% in altcoins, falls due to the reasons we shared the details in the previous last minute development. The Fed did not give what was requested, Microsoft went into decline, and concerns that the correction in the stock market would accelerate led to volume sales.
A long position worth $421 million was liquidated in the last hour. Liquidation in the last 24 hours approached $700 million for long positions. If the $84,300 level is also lost BTC It may decline to $83,700 and $80,800. Loss of the last support level may open the door to the long-rumored bottom of $76,000.
TheDAO Security Fund
In 2016, a hacker hacked all available data at the time. of ETH Old investors remember the DAO hack, in which he captured 4.5%. It was a turning point for both cryptocurrencies and Ethereum. In fact, Ethereum Classic also entered our lives at that time. Now DAO, which caused the biggest security error in Ethereum history, will be used to ensure security. Some unclaimed funds left over from the DAO debacle, of Ethereum It is being used to create a $220 million donor fund called TheDAO Security Fund to strengthen its security. (However, some funds will remain untouched so they can be claimed.)
Griff Green said:
“We are in 2026 and we have not touched any of these funds. The funds have increased in value significantly. It is now time. It is time to use these funds to make Ethereum safer and more secure.”
TheDAO The Security Fund … will put a lot of money into the hands of security researchers in the Ethereum space and make Ethereum security truly unrivaled.
The exciting thing about Ethereum was that we could build something better than governments. “And we could use this tool, this amazing blockchain technology, to make something that allows people to easily communicate their decisions and participate in decision-making in society at whatever level they want.”
