What’s likely causing the dump today

1. Technical levels broken

Bitcoin dropped below a key support level at ~$115,000, which often triggers further selling. Once support fails, traders may panic or stop-losses may trigger, accelerating the drop.

2. Loss of market cap & spillover into altcoins

The total crypto market cap fell by about $77 billion in 24 hours. Altcoins followed, which is common when BTC weakens.

3. Weaker sentiment / Fear & Greed index

Market mood seems cautious. When fear increases, investors tend to take profits or reduce exposure to riskier assets.

4. Macro & dollar strength

A firmer US dollar and rising yields tend to hurt “risk assets” like crypto. People move money to safer / higher-yield non-crypto places.

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⚠️ What might also be contributing (but not confirmed)

Regulatory uncertainty somewhere (always a factor in crypto volatility).

Large traders (“whales”) taking profits.

Global economic concerns feeding into risk-off behavior.

Trader psychology — once some coins begin falling, others follow.#MarketPullback