Bitcoin, Ethereum, XRP, and Dogecoin Drop Sharply as Investors Face 'Extreme Fear'; Analyst Indicates ETH is in 'Final Stage' of Correction

Cryptocurrency Market Decline: Leading cryptocurrencies, including Bitcoin and Ethereum, experienced significant losses, with over $1 billion in liquidations and the market entering a state of "Extreme Fear."

Trading Volume Surge: Bitcoin's trading volume doubled to $74 billion, while Ethereum's also saw a notable increase, indicating high selling pressure amidst the market downturn.

Stock Market Performance: Major stock indexes closed positively, driven by Amazon's 4% rise following a $38 billion partnership with OpenAI, despite the Dow Jones Industrial Average declining.

Market Predictions: Analysts suggest potential resistance levels for Bitcoin and Ethereum, while cautioning about geopolitical tensions and inflation as risks, with Ethereum possibly entering its final correction stage.