$BTC

Revised Paragraph:

“Many people are asking why the crypto market is sliding today, so here’s a quick breakdown. The market has dropped a little over 2% in the last 24 hours and nearly 8% across the month. This pullback mainly comes from global economic uncertainty, an overloaded altcoin sector, and a steady drop in leveraged trading on major exchanges.

Key Factors Behind Today’s Weakness

1. Global Economic Pressure (Federal Reserve Tone) – Recent signals from the Federal Reserve have made investors cautious. Whenever the Fed suggests staying strict, traders reduce exposure to risk assets — and crypto reacts the quickest. With crypto still closely linked to moves in the Nasdaq 100, any doubt about rate cuts triggers selling.

2. Altcoin Overload – Too many new tokens are flooding the market, spreading liquidity thin. As capital gets divided, even major coins lose momentum, dragging the whole market down.

3. Decline in Leverage Activity – A sharp reduction in leveraged positions has muted volatility and weakened upward pushes. With fewer aggressive traders driving momentum, dips become more noticeable.

All attention now turns to the Nov 13 Fed meeting, which could decide the next major trend.”