Crypto Market Crash: What’s Happening? 🚨
The crypto market is facing a sharp correction today. Here are the 5 major factors driving the current price drop:
Fed’s Hawkish Stance: Uncertainty over interest rate cuts and a "tight money" policy from the Federal Reserve has triggered a "risk-off" sentiment.
Massive ETF Outflows: Institutional giants like BlackRock and Fidelity have seen over $3 Billion in outflows recently, putting pressure on BTC.
Cascade of Liquidations: Over $1.7 Billion in long positions have been wiped out, creating a domino effect of selling.
China’s Regulatory Move: A new ban on Yuan-pegged stablecoins and unapproved tokens has rattled the Asian markets.
Key Support Broken: BTC falling below the $70k and $68k psychological levels has turned the short-term trend bearish.
📊 Current Market Stats:
Fear & Greed Index: 9 (Extreme Fear) 😨
Key Support to Watch: $60,000 - $62,000 🛡️
Is this a "Buy the Dip" opportunity or is there more pain ahead? Let us know your thoughts in the comments! 👇
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Disclaimer: Not Financial Advice. Do your own research (DYOR).
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