Crypto just got slapped back to reality.
$BTC rejected hard from the rising wedge and the entire market felt it instantly.
The Clarity Act hype? Wiped out in days. Momentum vanished, leverage got punished, and now traders are watching support levels like their lives depend on it.
Key levels now: • $78K = critical support
• Lose that → $74K opens fast
• Panic below there → $70K is back on the table
Altcoins are bleeding across the board too.
The total alt market cap is hanging near the $190B support zone, and one more wave of selling could trigger a deeper flush.
The uncomfortable truth?
This never looked like a fully independent crypto bull run.
It looked like tech momentum flowing through Bitcoin while macro risk stayed in control.
Until the BTC/Nasdaq ratio reclaims and holds above 3.0, every bounce will keep looking more like a relief rally than true breakout strength.#CanaryCapitalFilesStakedTRXETF #JapaneseSecuritiesFirmsCryptoInvestmentTrusts #SpaceXEyesJune12NasdaqListing #VitalikMovesETHviaPrivacyPools #TrumpDisclosesTradesIncludingMARAStock