Bitcoin found a floor Wednesday, hovering near $66K after shedding roughly 18% of its value over recent weeks in a slide from $81K. The stabilization came alongside a surprisingly upbeat ADP employment report, which showed 122,000 new private-sector jobs added in May, the strongest hiring print in 16 months.
It’s not exactly a party. More like the bleeding stopped and someone handed the market a bandage. The broader crypto complex remained deep in the red, with the Fear and Greed Index sitting at 11, firmly in “Extreme Fear” territory. For context, even last week’s reading of 25 was already labeled Extreme Fear, so the mood has somehow gotten worse.
The numbers paint a bleak picture
Bitcoin’s 24-hour change clocked in at -1.9%, which sounds almost mild until you zoom out. Over the past seven days, BTC has fallen 12.2%. That’s the kind of weekly drawdown that turns diamond hands into sweaty palms.
The damage wasn’t limited to Bitcoin. Ethereum slipped below $1,850, posting a 24-hour decline of 4.0%. Solana traded around $73, down 3.9% on the day. XRP sat near $1.22, quietly bleeding alongside everything else.
