🚨 Why Is the Crypto Market Suddenly Down Today?
📉 The crypto market saw strong selling pressure today with major price moves:
🔹 Bitcoin ($BTC ): ~ $83,500 ⬇️ from recent highs
🔹 Ethereum ($ETH ): ~ $2,754 ⬇️
🔹 Major altcoins also in red across the board
Key reasons for the drop:
🔸 $BTC broke a major support level
Once BTC slipped below its key support, selling intensified across the market.
🔸 Global risk-off sentiment
Crypto and stock markets weakened as investors shifted toward safer assets.
🔸 No Fed rate cut
Interest rates stayed unchanged, reducing liquidity and hurting risk assets like crypto.
🔸 Whale profit-taking 🐋
Large holders taking profits added downward pressure.
📌 Bottom line:
Market is reacting to fear and macro cues — not a single isolated event.
💡 Smart money waits — panic money exits.
