TON Drops to $1.93 as Altcoins Lag Behind BTC in Risk-Off Crypto Market

TON experienced a decline of over 2%, dropping to $1.925 as a wave of risk-off sentiment swept through crypto markets. This coincided with Bitcoin briefly dipping below $100,000, leading to significant liquidations for long traders. Altcoins were hit particularly hard, while the broader CoinDesk 20 (CD20) index only fell slightly, supported by Bitcoin's modest rise. The recent $128 million hack on the Balancer decentralized exchange exacerbated security fears, reinforcing a flight to safety. Although TON found temporary support near $1.90 and is currently consolidating between $1.92 and $1.94, momentum remains fragile. A break below the $1.87 support level could signal further losses, whereas reclaiming $1.95 might indicate a potential recovery.

(Source：CoinDesk)