The global cryptocurrency market has recently experienced one of its most significant downturns of the year, with Bitcoin falling sharply from its record highs and dragging the broader digital-asset sector into a deep correction. Rising U.S. Treasury yields and uncertainty surrounding the Federal Reserve’s interest-rate trajectory have shifted investor sentiment away from high-risk assets, creating strong macroeconomic headwinds for crypto. At the same time, excessive leverage across major exchanges triggered large-scale forced liquidations as prices dropped, amplifying volatility and accelerating the sell-off. Liquidity thinned rapidly, especially in altcoins, where weaker market depth led to even steeper declines and wider swings. Institutional investors, who had fueled much of the market’s earlier rally, have scaled back exposure amid economic uncertainty, while regulatory concerns in several regions have added another layer of caution. As a result, hundreds of billions in market value have been erased, confidence has weakened, and analysts remain divided—some warning of further downside risk, others suggesting the market may be approaching a stabilization phase if macro conditions improve.#BTC #ETH