📉 Crypto Bloodbath: Why Markets Are Red Today? 📉

The crypto market is flashing red 🚨 as Bitcoin struggles below $96K and altcoins bleed. Here’s the scoop in simple terms:

1. Regulatory Jitters😓

Pro-crypto Democrats just pulled support for a key stablecoin bill, stalling progress on clear rules. Uncertainty = panic selling .

2. Bitcoin’s Resistance Woes🛑

BTC keeps failing to break $100K despite ETF hype. Traders are losing patience, triggering sell-offs .

3. Trump Tariff Hangover💼

March’s trade war fears (U.S.-China tariffs) still haunt markets. Investors dump risky assets like crypto for safer bets .

4. Altcoin Carnage*🔻

Major coins like ETH, SOL, and XRP are down 0.5–2%, while meme coins (BONK, FARTCOIN) crash up to -11% .

5. Liquidation Storm💸

Over $1B in positions were wiped this week. Bitcoin alone saw $396M liquidations—no one’s safe .

What’s Next?

All eyes are on Trump’s May 7 “Crypto Summit” for policy clarity. Until then, buckle up—it’s a wild ride! 🎢

Stay sharp, trade safe!🔍

Stay tuned for more updates👍