The crypto market has crashed due to the following reasons:

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1. The ongoing conflict between Iran and Israel.

2. Widespread concern about a potential global recession in 2025.

3. Genesis Global's transfer of $1.5 billion worth of Bitcoin and Ethereum to repay creditors after its bankruptcy. This transaction, involving over 16,000 BTC and 166,000 ETH, led to a 2.2% drop in Bitcoin's price.

Note: Donโ€™t worry too much. For now, avoid making new trades and focus on spot buying of Ethereum and Bitcoin. Youโ€™ve already been updated on Bitcoinโ€™s price action, including its rejection from resistance levels. Best of luck!