Crypto Bloodbath Alert: Why Is the Market Crashing Today? šØš
Total crypto market cap just plunged ~3.2% to ~$2.73T in the last 24h ā BTC is bleeding, dipping below $82K and testing $81K lows! š±
Main culprit? Sticky inflation shock + political chaos
December US PPI surged 0.5% MoM (biggest jump since July!), core holding sticky at 3.0% YoY ā hopes for early Fed rate cuts? Obliterated. Add the ongoing partial US government shutdown risks and geopolitical jitters (Iran explosions, tariff threats) ā full risk-off panic across assets!
š„ Extra kicks in the gut:
BTC dominance spiked to ~59.4% ā alts getting wrecked hardest
US spot Bitcoin ETFs? Massive outflows! BlackRock's IBIT alone bled -$528M on Jan 30, with weekly totals smashing $1B+ redemptions ā institutional demand is evaporating fast
Short-term vibe? Eyes on Feb 20 PCE data. If it prints hot ā even more pain ahead, BTC could crack $80K support and slide toward $70ā75K zone. š©ø
HODLers, what's your move?
Diamond hands holding strong or already running to stables? š
Is this the ultimate dip to buy, or the start of a deeper correction? Drop your predictions below! š¬
