Why the Sudden Crypto Market Crash Happened Today
Today’s crypto market decline caught many traders off guard, but the reasons are largely macro-driven. Bitcoin and major altcoins like Ethereum and Dogecoin faced selling pressure due to risk-off sentiment across global markets. Rising bond yields, uncertainty around interest rates, and short-term profit-taking triggered liquidations in leveraged positions. When BTC lost key support levels, panic selling spread quickly across altcoins. This type of move is not unusual in highly volatile markets. Historically, sharp drops often reset the market before healthier price action resumes. Understanding market structure and risk management remains crucial during such phases.
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BTC
89,393.92
-0.74%
LINK
12.25
-2.54%
TAO
238.5
-3.90%