$BTC

🚨 Crypto Market Crash: Altcoins & Bitcoin Price Plummets Before US CPI Data Release 🚨

On the US-China tariff deal, the Bitcoin price surpassed the $105k mark, and the rest of the altcoins also witnessed a significant uptrend. However, that all came crashing down as the BTC plummeted to a low of $100.7k, wiping out all the gains of the recent rally. At present, it trades at $102.8k and has lost nearly 1.5% of its value in the last 24 hours.

This crypto market crash happened as the investors turned cautious ahead of the US CPI data release today. Although experts anticipate a positive result, the uncertainty and possibility of different results have impacted investors’ confidence in the market.

Along with BTC, Ethereum, Solana, and other alt coins, the price is also crashing. Interestingly, XRP’s price is bullish, and it gained the 3rd spot in the market due to increased blockchain users and Missouri’s proposed House Bill 594.

Nearly $700M was liquidated in the crash per Coin glass reports. Out of this, more than $200m was from Bitcoin futures, and $170M was from Ethereum, among many others. Interestingly, this was an anticipated move, as many crypto analysts like Ali Marinez anticipate a massive decline in BTC’s price.

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