The crypto market has taken a significant hit lately.

Growing macroeconomic uncertainty had already dragged prices down in recent weeks, but the situation quickly worsened after hackers stole $1.4000000000 from Bybit

Crypto Fear and Greed Index flips into ‘extreme fear’ at 21 as Bitcoin drops below $91K

The crypto market has taken a significant hit lately. Growing macroeconomic uncertainty had already dragged prices down in recent weeks, but the situation quickly worsened after hackers stole $1.4 billion in ETH from Bybit last week.

As the hack was also the largest theft of any kind in history, even Bybit’s successful and speedy recovery has not been enough to reverse the market-wide bearish sentiment.

Bitcoin (BTC) lost its support near $92,000 on Monday, sending the Crypto Fear and Greed Index into the “extreme fear” zone at 21. This sudden wave of selling also led to over $1 billion worth of Bitcoin liquidations on Tuesday, sparking questions about where the market could be headed next.

However, for those who’ve seen these cycles play out before, “max fear” scenarios often signal a good time to consider buying the dip. History shows that deep downturns can flip into sharp rebounds, especially once panic starts to subside.

With that in mind, here are three of the best cryptos to buy during this dip:

Solaxy is aiming to resolve Solana's periodic network congestion and failed transactions, which have frustrated users of popular platforms like Pump.fun.

Using an off-chain transaction rollup approach, Solaxy will batch operations before sending them onto Solana's main chain. This setup will allow faster execution at much lower fees, and ultimately improve Solana's capacity to handle high traffic volumes.

Solaxy's native SOLX crypto will power all the platform's transactions, and also give you governance rights. You can currently buy SOLX for $0.001646, but the price will quickly rise when the next presale round starts.

Solaxy's cross-chain bridging (enabled by SOLX's compatibility with both Solana and Ethereum) will allow seamless asset transfers, unlocking the extremely high liquidity available on Ethereum. The Solaxy team is now also working with Hyperlane to enhance the L2's interoperability, and expand asset support beyond SOL.

With an expected listing in Q2/Q3 2025, early buyers have a limited window to buy SOLX at its presale price.

Early buyers can also stake their SOLX tokens for an impressive 172% APY.

Story is a new intellectual property protocol that aims to streamline and decentralize the management of creative works. The protocol focuses on storing IP records and licenses on a blockchain, which can be accessed and verified by anyone.

This setup will allow for easier monetization of content, direct payouts to creators, and seamless integration with Web3 projects.

Story's native IP token will be used for all transactions and provide users with governance rights over the protocol.

The project's developers have already raised $80 million in a Series B round led by a16z, following a prior $60 million round.

Since its debut on 13 February, IP has increased over 6x from its all-time low of $1. It's one of the few tokens that's pumping in the market, while most cryptos are in the red.

A rally above its $7.11 all-time high (ATH) level would push the IP token into a new price discovery phase, driven by demand from intellectual property and crypto enthusiasts.

One of the biggest institutional investors in crypto is keeping a close eye on Ripple’s XRP, as evident by the recent massive outflows from Bitcoin.

According to the latest weekly report by CoinShares, XRP saw inflows of $38 million last week, the highest among altcoins.

This follows a report by Glassnode, which showed that Bitcoin saw outflows of $2.4 billion last week, the biggest weekly outflows since March 2022.

The report also noted that the majority of these outflows went into XRP, with smaller amounts flowing into Ethereum and other altcoins.

These outflows come as the crypto market continues to be volatile, with Bitcoin dropping below the $90,000 mark and Ether struggling to hold onto the $2,000 level.

Despite the market downturn, interest in crypto products remains high, with several companies applying for Bitcoin ETFs and a new XRP ETF being launched last week.

If any of these ETFs get approved, it could lead to a huge surge in demand for Bitcoin and XRP, which could help to push prices higher.

However, any new ETF launches will depend on the approval of the US Securities and Exchange Commission (SEC), which has been known to be slow in making decisions.

In the meantime, investors will be watching to see if the crypto market can recover from its recent losses and set up a new bull run.

If the SEC approves any Bitcoin or XRP ETFs, it could have a major impact on the crypto