Bitcoin Crashes Under $108K; Ethereum Drops 7% — Is the GameFi Meltdown Just Beginning?
An illustration by CryptoQuibbler. Various mobile screens showing Bitcoin prices. 🔑 Key Takeaways Bitcoin crashed under $108K , retreating from last week’s $124K ATH. Ethereum plunged 7% to ~$4,380, raising concerns over network fragility. GameFi tokens crashed nearly 6% , with some plunging >20% in 24 hours. Technical analysts warn BTC could revisit $75K if support breaks. Institutional inflows remain strong, but retail-driven sectors bleed capital fast . CryptoQuibbler notes : volatility now separates narratives from fundamentals. 🗞 Main Story Crypto markets started September in the red. Bitcoin fell to $107,800 before stabilizing, marking a sharp reversal from the $124K all-time high set only a week ago. Ethereum shed 7% in the same window, sliding toward $4,380. >What’s different now is the ETF paradox . While spot Bitcoin and Ethereum ETFs absorbed billions in August, buoying institutional demand, altcoins tied to retail speculation are b...