Why Is Crypto Bleeding Today? 4 Reasons
$BTC slipped to ~$81.3K (-2.8%) while alts got hit harder: $ETH -5.7%, $SOL -7.1%, $XRP -5.7%, $BNB -5%. Here's why:
1. Oil spiked to $105+ on Middle East tension
2. Hawkish Fed minutes, with the 30Y yield at 5.71%, a 2002 high
3. Spot BTC ETFs saw ~$487M in outflows, the most since June
4 ~$550M liquidated, 88% of it longs
$81K support is being tested Panic sell or buy the fear?
#CryptoMarket #bitcoin #MarketUpdate
$BTC slipped to ~$81.3K (-2.8%) while alts got hit harder: $ETH -5.7%, $SOL -7.1%, $XRP -5.7%, $BNB -5%. Here's why:
1. Oil spiked to $105+ on Middle East tension
2. Hawkish Fed minutes, with the 30Y yield at 5.71%, a 2002 high
3. Spot BTC ETFs saw ~$487M in outflows, the most since June
4 ~$550M liquidated, 88% of it longs
$81K support is being tested Panic sell or buy the fear?
#CryptoMarket #bitcoin #MarketUpdate