#CryptoRegulation
BUT… WHAT’S GOING ON?!
The crypto market didn’t just tank out of nowhere. Here’s what’s actually driving this meltdown:
1. Profit-Taking at the Top
Bitcoin hit 105K, which is a big resistance level. A bunch of traders took profits, and that set off a chain reaction of sell-offs and liquidations.
2. Inflation Jitters
Everyone’s watching the upcoming CPI numbers, and there’s growing fear that inflation might not be cooling down. That’s making people worry the Fed won’t cut rates anytime soon.
3. Trade War Fears
Trump stirred things up again with talk of more tariffs on China. Add in rising geopolitical tension, and people are bracing for a possible new trade war.
4. Leverage Blowups
More than 500 billion got wiped out as overleveraged positions collapsed. Margin calls kicked in and just made everything worse.
5. Regulatory Drama
The Senate just blocked stablecoin legislation, and that freaked out the market. Now investors are worried again about a bigger regulatory crackdown.