Why is the crypto market collapsing?
Over the last 48 hours, $200 billion in cryptocurrency was wiped out as $BTC fell below $81,000 and $ETH dropped below $2,450, leading to prolonged liquidations totaling $1.4 billion.
Main reasons:
1. President Trump said he may restart attacks on Iran.
2. A warning from leading research suggests that AI could break encryption before quantum.
3. The U.S. government moved billions in $BTC .
4. Hawkish FOMC minutes, which point to another rate hike in 2026.
Over the last 48 hours, $200 billion in cryptocurrency was wiped out as $BTC fell below $81,000 and $ETH dropped below $2,450, leading to prolonged liquidations totaling $1.4 billion.
Main reasons:
1. President Trump said he may restart attacks on Iran.
2. A warning from leading research suggests that AI could break encryption before quantum.
3. The U.S. government moved billions in $BTC .
4. Hawkish FOMC minutes, which point to another rate hike in 2026.