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🚨 Big Breaking: 🚨 The Global #cryptomarket cap drops 5.2% to $2.83 trillion in just a single day, with over $1.68 billion liquidated from the #crypto market in the past 24 hours. 🩸
What’s going on?
#Bitcoin falls 6% to $82,000. #Ethereum also fell by about 6.68% to trade below $2,753, while $SOL lost over 6.2% and $XRP declined more than 5.8%. 📉
Total crypto market volume is at $178.6B, up 60% in the last 24 hours. Fear & Greed index falls to 28/100, showing fear zone.
Here're the Top fundamental factors behind the market downtrend 👇
1⃣ Gold plunged over $400 in under 30 mins hitting record highs above $5,600, Silver experienced a similar move. The sudden shift triggered broader market volatility, affecting equities and digital assets.
2⃣ The Fed held rates steady, but markets weren’t convinced — Nasdaq fell 2.5%+.The broader pullback in tech and growth stocks added further pressure to crypto.
3⃣ Trump’s pick of Kevin Warsh as Fed Chair, over crypto advocate Rick Rieder, sparks fresh regulatory uncertainty.
4⃣ News of El Salvador's $50M gold purchase sparked fears of diversification away from Bitcoin, despite the nation's ongoing BTC accumulation.
⚠️ MARKET PULSE: Over $6Trillion wiped out from the entire markets in a single sell-off.
Gold: Erased $3 Trillion in minitue (-8.8%) Silver: Dropped -12.21% Bitcoin: Falls to $84,366 S&P 500: Loses over $1Trillion and down -2% Total Crypto: Wiped out $112 Billion