The global crypto market crash has hit the traders once again, falling almost 4% in the last 24 hours. The total market cap has slipped to $2.92 trillion, and the entire industry is filled with fear.
Bitcoin price dropped back to $85k, Ethereum crashed toward $2,936, Solana crashed 5%, and almost all altcoins and memecoins like Dogecoin, Shiba Inu, and others are dropping fast.
As fear spreads around the marketplace, investors everywhere are asking the same question: why did the crypto crash today, and is more pain coming?
This article breaks down every major reason behind today’s crypto bloodbath, combining sentiment data, liquidation flows, and macro.
Fed Chair Confusion Creates Fear
One big reason for today’s crypto market crash is the sudden change in who may become the next US Federal Reserve Chair.
