Bearish
Avalanche (AVAX) price drops 1.1% to $7.20 amid market-wide selloff.
Over the past 24 hours, Avalanche (AVAX) experienced a 1.1% decline, closing at $7.20. This downturn aligns with a broader market selloff, where the total crypto market cap fell approximately 3.28%, from $2.29 trillion to $2.21 trillion. The CMC Fear & Greed Index also indicates 'extreme fear,' reflecting widespread risk aversion.
Key points
- Market-wide selloff: The total crypto market cap decreased by about 3.28%, from $2.29 trillion to $2.21 trillion.
- High leverage and liquidations: Over $1.1 billion in leveraged crypto positions were liquidated in a single day, with approximately $949 million from long positions.
- AVAX-specific technicals: AVAX has been in a multi-week downtrend, down about 12.14% on the week and about 17.57% over 30 days, making it more susceptible to market-wide downturns.
Sources
- Avalanche (AVAX) Drops 5% Amid Broad Crypto SelloffCoinMarketCap · June 4, 2026
- Avalanche (AVAX) Sees 3.40% Move Amid Bitcoin SelloffCoinMarketCap · June 3, 2026
- Avalanche Extends Four-Day Rally as AVAX Eyes the $9 HurdleCryptoNewsNet · August 23, 2026
- Avalanche Foundation Announces $44.7 Million Net Loss in Q2 and Approves $10 Million Stock Buyback PlanBlockBeats · August 26, 2026
AI-generated from public news sources. Not financial advice.
