CRYPTO BLOODBATH: Layer 2 Sector Plunges 4.4% as ETH Crashes to $4K, BTC Tumbles Below $114K - Oct 28, 2025

Digital assets face brutal sell-off as scaling solutions lead market downturn

LAYER 2 MELTDOWN

The once-high-flying Layer 2 sector got absolutely hammered today, tanking 4.4% in a single session. Remember when everyone thought these scaling solutions were bulletproof? Today's action suggests otherwise.

ETHEREUM UNDER PRESSURE

Ethereum got dragged down to $4,000 as the smart contract giant struggles to maintain momentum. The drop represents a significant psychological blow for bulls who've been banking on the $5K breakthrough.

BITCOIN BREAKS KEY SUPPORT

Even Bitcoin couldn't escape the carnage, sliding below the crucial $114,000 level. The flagship cryptocurrency's failure to hold this support has traders questioning whether this is just a healthy pullback or the start of something uglier.

MARKET REALITY CHECK

Turns out even in crypto-land, gravity still exists. Today's action serves as a stark reminder that what goes up must occasionally take a breather—or in this case, a full-blown panic attack. Just another day in paradise for those who enjoy sleeping on beds made of volatility.